It’s been a disappointing day for the S&P/ASX 200 Index (ASX: XJO), no two ways about it. At the time of writing, the ASX 200 is down by a rather horrible 2.02% at 6,821 points. If you’re looking for some green on the ASX boards today, it’s pretty hard to find.
But let’s at least try not to let that get us down. So instead, let’s take a look at the ASX 200 shares that are currently topping the share market’s trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Thursday
South32 Ltd (ASX: S32)
ASX 200 resources share South32 is first up today. This diversified miner has had a hefty 24.2 million shares change hands as its stands so far this Thursday. There’s nothing new out of South32 today, so we can probably assume this volume is the result of the movements of the company’s shares. As it stands presently, South32 has defied the market’s gloom today and is up a robust 1.9% at $3.81 a share after spiking to $4.07 earlier in today’s session. It’s this volatility and market defiance that is likely behind this elevated trading volume.
Telstra Corporation Ltd (ASX: TLS)
Telstra is next up this Thursday. Today’s trading session has seen a sizeable 30.92 million Telstra shares swap owners so far. Again, there are no major developments out of this ASX 200 telco today, so we can again likely put this volume down to the movements of the Telstra share price. Telstra initially rose this morning, but as the day has gone on, the company’s gains have turned red and the company is now down by 1.65% so far at $3.86 a share. This bouncing around is probably why we are seeing such volume today.
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium producer Pilbara is our final and most traded share of the day thus far. This Thursday has seen a whopping 33 million shares bought and sold as it currently stands. Again, this seems to be the result of a nasty share price movement. Pilbara has been sold off harshly. The company’s shares are currently down a depressing 4.46% at $3.10 each as it stands at the time of writing. It’s this steep fall that is almost certainly responsible for so many Pilbara shares finding a new home today.
The post These 3 ASX 200 shares are topping the volume charts on Thursday appeared first on The Motley Fool Australia.
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More reading
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Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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