What a rollercoaster the S&P/ASX 200 Index (ASX: XJO) is on this Tuesday. The ASX 200 has been playing jump rope with the breakeven line all day. But the decision of the Reserve Bank of Australia (RBA) to increase interest rates this afternoon has seen the market slump. The ASX 200 is now down by 0.27% at just over 7,300 points.
But rather than trying to figure all of that out, let’s dig deeper into the markets and take a look at the ASX 200 shares that are currently at the top of ASX’s share volume charts, according to investing.com.
The 3 most-traded ASX 200 shares by volume this Tuesday
Telstra Corporation Ltd (ASX: TLS)
Our first notch on the belt today is ASX 200 telco Telstra. This telecommunications giant has had a hefty 11.66 million of its shares find a new home on the markets thus far. There’s not much in the way of news out from Telstra today, save for a share buyback notice. These ongoing buybacks themselves could help explain this volume. But no doubt the weakness of the Telstra share price is also assisting this volume. Telstra shares are currently down by 0.63% at $3.97 each.
Alumina Limited (ASX: AWC)
ASX 200 alumina and aluminium producer Alumina is next up. So far today, a sizeable 12.47 million Alumina shares have been bought and sold on the markets. There’s nothing out from Alumina today at all. So it’s probably the volatility we have seen in the company’s share price today that has sparked so many shares trading. Alumina shares were up around 1.4% at one point today. But the company has fallen back to $1 a share this afternoon, flat on its closing price yesterday.
Pilbara Minerals Ltd (ASX: PLS)
Our third, final and most traded share of the day today is none other than ASX 200 lithium stock Pilbara Minerals. This Tuesday has seen a significant 16.36 million Pilbara shares trade hands as it currently stands. Once again, we seem to have some rather wild volatility to thank for this volume. Pilbara shares have been down 1.5%, up 1.5% and are now flat at $2.66 a share. No wonder so many shares have bounced around on the markets.
The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen has positions in 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 has positions in 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 Scott Phillips.
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