Here are the 3 most traded ASX 200 shares on Wednesday

a man peers between two large piles of papers and files with a wide-eyed, wide-mouth look of dread at the amount of work he has to do.

a man peers between two large piles of papers and files with a wide-eyed, wide-mouth look of dread at the amount of work he has to do.

The S&P/ASX 200 Index (ASX: XJO) is continuing to sell off over this Wednesday’s trading session. At the time of writing, the ASX 200 has lost another 1.12% so far to around 6,611 points. 

But let’s dive a little deeper into these markets moves and take a look at the ASX 200 shares that are currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Telstra Corporation Ltd (ASX: TLS)

Blue-chip Telstra is our first company to take a look at today. So far this Wednesday, a hefty 16.73 million of this ASX 200 telco’s shares have changed owners. There hasn’t been any news or announcements out of Telstra so far. However, the Telstra share price is doing something very interesting.

The telco’s shares are currently bucking the market and are up a healthy 2.4% at $3.84 each. Thus, it is probably this outperformance and healthy rise that is resulting in so many shares flying around the markets today.

South32 Ltd (ASX: S32)

Diversified ASX 200 mining company South32 is next up this Wednesday. So far today, a sizeable 16.9 million South32 shares have been bought and sold on the share market. We haven’t had too much out of this company either, save for a share buyback notice which could be boosting volumes alone.

But South32 has also taken quite a tumble. South32 shares are currently down by 3.01% at $4.35 each. So it’s probably a combination of the buyback and this share price fall that is resulting in the company’s presence on this list today.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium share Pilbara Minerals is our third, final, and most traded ASX 200 share so far today. Over this Wednesday’s trading session, a whopping 20.99 million Pilbara shares have swapped hands as it currently stands.

In this case, it seems another share price fall is responsible here. Pilbara shares have lost a nasty 4.17% of their value so far today at $2.07 a share. This lithium stock is now down almost 20% over the past month alone. No wonder so many shares are bouncing around on the ASX boards.

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

See The 5 Stocks
*Returns as of January 12th 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

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/2UxWHoA

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