The S&P/ASX 200 Index (ASX: XJO) looks set to end the week on a sour note after pushing towards its all-time high yesterday. At the time of writing, the ASX 200 has gone backwards, losing a nasty 1.51% so far today and falling to just under 7,480 points.
But rather than letting that ruin our long weekend, let’s instead have a look at the companies currently topping the ASX 200’s share volume charts, according to investing.com.
The 3 most-traded ASX 200 shares by volume this Friday
South32 Ltd (ASX: S32)
ASX resources shares seem to be leading the ASX 200’s losses today, and South32 is emblematic of this. So far this Friday, a sizeable 18.48 million South32 shares have been bought and sold. This is almost certainly a result of the depressing share price selloff we are currently witnessing with this miner, seeing as there are no official developments out of the company itself. As it currently stands, the South32 share price is down by 4.72% at $4.86 a share.
Alumina Limited (ASX: AWC)
ASX 200 aluminium producer Alumina is next up today. This resources company is another one that has witnessed a nasty share price fall. In this case, Alumina shares are down by 5.1% at $1.77 each. Again, there is no other news or announcements out from the company today, so we can conclude that the notable 23.8 million Alumina shares that have already traded on the ASX today are a result of this steep share price drop.
Paladin Energy Ltd (ASX: PDN)
Our final and most traded ASX company of the day goes to ASX 200 uranium share Paladin Energy. So far this Friday, a whopping 41.39 million Paladin shares have found a new home. Most unfortunately for investors, the pattern holds with this company too. With no news or announcements out, we can assume that this high trading volume is the direct result of the substantial 8.33% drop Paladin shares have endured so far today. The company is now asking 83 cents per share at the time of writing.
The post Here are the 3 most traded ASX 200 shares on Friday appeared first on The Motley Fool Australia.
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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.
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