The S&P/ASX 200 Index (ASX: XJO) looks on course to end the week on a high note after a couple of days in the red. At the time of writing, the ASX 200 has gained a robust 0.39% at just over 7,470 points.
But let’s delve a little deeper into these gains by looking at which ASX 200 shares are currently topping the market’s share volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Friday
Platinum Asset Management Ltd (ASX: PTM)
Fund manager Platinum is our first share to take a glance at today. So far this Friday, Platinum has had 16.91 million of its shares traded on the markets. Unfortunately for investors, this seems to be the result of the nasty share price collapse this ASX 200 fund manager has suffered through today.
The Platinum Asset Management share price is currently down by a whopping 15.25% at $1.89 a share. Investors seem to have been spooked by this company’s latest funds under management report. No wonder so many shares have traded today.
AVZ Minerals Ltd (ASX: AVZ)
ASX 200 lithium hopeful AVZ is next up today. During today’s trading session thus far, a notable 19.06 million shares have been bought and sold. The company’s shares themselves haven’t done anything too remarkable as it presently looks, with the AVZ share price down by 0.27% at $1.12.
However, AVZ did release a notice this morning that it has issued a large number of new shares thanks to some unlisted options being exercised. Perhaps this is helping push up volumes as well.
Paladin Energy Ltd (ASX: PDN)
Uranium share Paladin is our third and final share worth discussing this Friday. So far today, a sizeable 51.89 million Paladin shares have swapped hands as it currently stands. This ASX 200 company appears to be enjoying the opposite situation of Platinum. Its shares are currently up a pleasing 11.56% at 89 cents each. There is no major news out of the company today.
However, as my Fool colleague Brooke explained today, most uranium shares are enjoying some love after uranium futures shot to their highest pricing in a decade overnight. This is probably why we see such a high trading volume right now.
The post Here are the 3 most heavily traded ASX 200 shares on Friday appeared first on The Motley Fool Australia.
Should you invest $1,000 in Paladin Energy right now?
Before you consider Paladin Energy, you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Paladin Energy wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
*Returns as of January 13th 2022
More reading
- Bond yields bounce past 3% for the first time since 2015. Here’s how the ASX 200 is responding
- Here’s why this ASX 200 share just dived 16% to an all-time low
- Why Block, IGO, Navigator Global, and Platinum shares are dropping
- Why are ASX uranium shares having such a stellar end to the week?
- ASX 200 lunch update: GrainCorp jumps on earnings upgrade, Pro Medicus signs $32m deal
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 has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/kDtpvGd
Leave a Reply