The S&P/ASX 200 Index (ASX: XJO) is tentatively breaking positive ground so far this Wednesday. At the time of writing, the ASX 200 is up, but only just, by 0.13% at 7,105 points.
But let’s dive a little deeper and check out the ASX 200 shares currently at the top of the market’s volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume so far this Wednesday
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telco Telstra is our first share to take a gander at. At this point, a whopping 21.21 million Telstra shares have been bought and sold on the markets. There has been no major news or announcements out of the telco so far today.
However, the company is suffering a steep share price drop. But, it’s for a pleasing reason. The company has just traded ex-dividend for its upcoming interim payment of 8 cents per share. This drop, as well as Telstra’s ongoing share buybacks, may explain why we are seeing so many of the telco’s shares flying around.
Santos Ltd (ASX: STO)
Santos is our next share up this Wednesday. This ASX 200 energy company has had an impressive 21.33 million of its shares swap hands so far. This probably has something to do with the dramatic jump in value Santos is currently enjoying.
The oil company is currently up by 5.6% at $7.67 a share. Higher energy prices are obviously good news for a company that sells energy, so this is the likely cause of the elevated volume figures we are witnessing.
South32 Ltd (ASX: S32)
ASX 200 diversified mining company South32 is our final and most traded share so far on Wednesday. The miner has had a notable 21.8 million shares find a new home at the time of writing. It’s been a big day for South32.
Not only has this company enjoyed a robust 5.26% gain so far, but South32 hit a new 52-week high of $5 a share today as well. That puts the miner up by an impressive 82.5% over the past 12 months. These big gains and new highs are the probable cause of South32’s presence on this list today.
The post These 3 ASX 200 shares are topping the volume charts on Wednesday appeared first on The Motley Fool Australia.
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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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