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

A man working in the stock exchange.A man working in the stock exchange.

The S&P/ASX 200 Index (ASX: XJO) has been enduring mixed fortunes on Thursday. At the time of writing, the ASX 200 is edging 0.05% lower at just under 6,600 points, having spent most of the day so far in the green.

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

The 3 most traded ASX 200 shares by volume this Thursday

Qantas Airways Limited (ASX: QAN)

The national carrier Qantas is first up this Thursday. In a surprise appearance on this list, a hefty 14.02 million Qantas shares have taken flight as it currently stands. It seems this volume may be the result of Qantas’ market-defying step lower today.

The airline has lost a nasty 3.5% of its value so far today and is now trading at $4.55 a share. So it seems it is this move downward that has sparked this elevated volume we see.

Pilbara Minerals Ltd (ASX: PLS)

Next up today we have ASX 200 lithium stock Pilbara. This Thursday has seen a sizeable 21.8 million Pilbara shares bought and sold thus far. There haven’t been any fresh developments out of Pilbara either.

But this lithium favourite has rebounded dramatically today. It’s currently up a pleasing 4.4% at $2.14 a share. It’s this big jump in valuations that has likely prompted so many Pilbara shares to trade today.

Telstra Corporation Ltd (ASX: TLS)

Finally today, we have the ASX 200 blue-chip telco Telstra. This Thursday has seen a whopping 37.1 million Telstra shares trade on the markets so far. But alas, we don’t exactly know why, seeing as there hasn’t been anything new out of Telstra. The company has seen some strong gains today though.

Telstra shares are presently up a healthy 1.7% at $3.895 each. But that comes after the telco rose as high as $3.91 a share earlier in today’s session. It’s this healthy rise that has probably elicited the volumes we see, considering how low Telstra’s share price is compared with its market capitalisation.

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