The S&P/ASX 200 Index (ASX: XJO) has decided to give investors a backwards step so far this Friday. At the time of writing, the ASX 200 Index has lost a disappointing 0.67% and is currently sitting at 7,240 points.
But rather than letting that get us down, let’s instead check out the ASX 200 shares that are topping the market’s volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume so far on Friday
Insurance Australia Group Ltd (ASX: IAG)
Insurance Australia Group (or IAG as it’s better known) is our first ASX 200 share of the day. This insurance giant has had a hefty 11.98 million of its shares swap hands so far this Friday. This appears to be in response to IAG’s half-year earnings report that the company delivered this morning.
As my Fool colleague James reported at the time, IAG gave investors a bit of a mixed bag. But even so, IAG shares are pushing higher in the aftermath. The company is currently up a pleasing 4.4% to $4.75 a share. This is probably why we are seeing some elevated trading volumes going on today.
Pilbara Minerals Ltd (ASX: PLS)
Pilbara Minerals is next up today. This ASX 200 lithium producer has seen a sizeable 12.74 million of its shares bought and sold on the markets as it currently stands.
Again, there’s not much to report on Pilbara today, apart from a nasty share price fall. Unlike South32, Pilbara is taking things even further than the market, and is currently down by 3.4% at $3.24 a share. It’s this move downwards that has likely sparked so many Pilbara shares trading on the share market this Friday.
South32 Ltd (ASX :S32)
ASX 200 resources company South32 is our final and most traded ASX 200 share so far today. This diversified miner has had an impressive 12.83 million of its shares trade on the share market thus far this Friday. Unlike IAG, there’s not much to report about South32 today in an official capacity.
However, this company has experienced a rather decisive share price move which could explain this volume. South32 shares are pushing around 1% higher so far this Friday, in defiance of the broader market. It’s likely that it’s this move that has resulted in so many South32 shares finding a new home today.
The post Here are the 3 most heavily traded ASX 200 shares this Friday appeared first on The Motley Fool Australia.
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More reading
- Why IAG, Rio Tinto, Unibail, and Westpac shares are pushing higher
- Here’s why the IAG (ASX:IAG) share price is charging 4% higher today
- ASX 200 (ASX:XJO) midday update: IAG upgrades guidance, Magellan sinks again
- IAG (ASX:IAG) share price on watch amid earnings miss but guidance upgrade
- 5 things to watch on the ASX 200 on Friday
Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. 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 Insurance Australia Group 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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