Here are the 3 most heavily traded ASX 200 shares on Wednesday

An office worker and his desk covered in yellow post-it notes

An office worker and his desk covered in yellow post-it notes

The S&P/ASX 200 Index (ASX: XJO) has had another bumpy ride during this Wednesday’s trading session. After initially spiking to above 7,360 points soon after market open, the ASX 200 has been losing steam all day. It is now down by 0.08% at just over 7,310 points. 

But rather than letting that disappoint us, let’s instead dive a little deeper into the share market’s moves and check out the ASX 200 shares that are currently at the top of the market’s share volume charts, according to investing.com.

The 3 most-traded ASX 200 shares by volume this Wednesday

Telstra Corporation Ltd (ASX: TLS)

Our first ASX 200 share up today is none other than telecommunications giant Telstra. This telco has had a notable 9.74 million of its shares change hands as it currently stands. There hasn’t been much in the way of news out of Telstra today. However, this blue-chip share is defying the gloom of the broader market and has pushed 0.5% higher so far today to a flat $4 a share. This move, together with the telco’s ongoing share buybacks, is probably why Telstra has made the cut today.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium producer Pilbara is our second share to check out today. So far, a hefty 12.37 million Pilbara shares have bounced around the market. There’s been no news or announcements out of Pilbara. So we should assume that this volume comes down to the company’s share movements today. As it currently sits, Pilbara has lost a hefty 1.7% so far and is currently trading at $2.61 a share. It’s this slide that we can probably thank for Pilbara’s presence here.

AVZ Minerals Ltd (ASX: AVZ)

Our final and most traded ASX 200 share of the day so far goes to lithium stock AVZ Minerals, and by a country mile too. A whopping 110.43 million AVZ shares have been bought and sold on the markets thus far, which is an incredibly high volume. This is undoubtedly a result of the (quite frankly) insane volatility we have witnessed with this company today.

AVZ put out a notice this morning that informed investors that the Democratic Republic of Congo government had granted a mining license to AVZ’s Manono Project. At first, the shares rocketed around 18%. But in a stunning twist, investors appear to have gotten a major case of cold feet, with ANZ shares now down 18% to 81 cents a share. Yes, AVZ has traded between $1.18 and 79 cents a share today. No wonder so many shares have been traded. 

The post Here are the 3 most heavily traded ASX 200 shares on Wednesday 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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