Here are the 3 most traded ASX 200 shares on Tuesday

Two men lok sxcited on the trading floor.Two men lok sxcited on the trading floor.

The S&P/ASX 200 Index (ASX: XJO) is continuing to sell off this Tuesday, helped in no small part by the Reserve Bank of Australia’s unexpectedly large interest rate rise. At the time of writing, the ASX 200 has lost a painful 1.42% and is now back to around 7,100 points.

But rather than letting that get us down today, let’s check out the shares that are currently topping the ASX 200’s share volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco Telstra is our first share worth taking a glance at today. So far this Tuesday, a notable 16.35 million Telstra shares have changed owners. There hasn’t been any news out of Telstra today.

Thus, we can probably put this high volume down to the substantial drop Telstra shares have undergone. The telco is currently down by a chunky 1.16% at $3.845 a share. This latest drop puts Telstra at close to a 4% loss over June alone.

Tabcorp Holdings Limited (ASX: TAH)

ASX 200 gaming company Tabcorp is next up today. We have seen a whopping 17.12 million Tabcorp shares swap hands as it currently stands. We haven’t got anything new from Tabcorp today. However, yesterday saw some big news regarding the gaming sector.

As we covered at the time, the Queensland Government announced some legislative reforms that could prove to be a big boost for Tabcorp’s business. Yesterday saw a big share price move upward, but the market seems to have gone from giveth to taking away today and it is currently down 0.5% at 98.5 cents. This is probably why Tabcorp finds itself on this list today.

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals is our final and most traded share of the day this Tuesday. So far today, a sizeable 17.23 million of this ASX 200 lithium producer’s shares have been bought and sold. Like Telstra, there hasn’t been much out of Pilbara itself today. Saying that, we have another noteworthy share price move to discuss.

Fortunately for investors, Pilbara shares are enjoying a market-bucking kind of day, with the company gaining 1.03% at the time of writing to $2.455 a share. Pilbara has been bouncing around a fair bit today though, which is the likely source of this elevated trading volume.

The post Here are the 3 most traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

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.

from The Motley Fool Australia https://ift.tt/AEzgXGb

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s