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

a group of three people carry a large block to line it up in ascending order with two other blocks nearby.

a group of three people carry a large block to line it up in ascending order with two other blocks nearby.

The S&P/ASX 200 Index (ASX: XJO) is again slipping this Wednesday. As it currently stands today, the ASX 200 has lost a notable 0.42% and is back to around 6,970 points.

But let us dive deeper into the movements of the ASX and have a look at the ASX 200 shares currently at the top of the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

South32 Ltd (ASX: S32)

First up today is diversified ASX 200 mining share South32. So far this Wednesday, a hefty 10.15 million South32 shares have been traded on the markets.

South32 has not made any ASX announcements since its quarterly report on 25 July. So today’s volumes are probably a result of the indecisive movements of South32 shares themselves.

The company initially fell sharply upon market open this morning, but has since recovered to record a gain of 1.2% at $3.78 a share right now. It’s this bouncing around that has probably elicited this elevated volume.

Pilbara Minerals Ltd (ASX: PLS)

Next up this Wednesday is ASX 200 lithium stock Pilbara Minerals. So far today, a sizeable 18.07 million Pilbara shares have been bought and sold. In this case, it might be the results of the battery metals exchange auction that Pilbara released this morning that is influencing trading volumes today.

As we covered earlier, Pilbara announced that it received strong prices for its lithium spodumene at this auction and that it is expecting higher demand and revenue in the future.

Pilbara shares have responded positively to this news after a brief dip this morning, and are currently up 2.2% at $2.80 a share.

Zip Co Ltd (ASX: ZIP)

Finally today, we have ASX 200 buy now, pay later (BNPL) share Zip. As it currently stands, a whopping 32.17 million Zip shares have changed hands.

This appears to be the byproduct of Zip’s stellar share price performance this Wednesday. As we looked into earlier, Zip shares are currently up by 11.9% at $1.36 a share, despite the absence of any news or announcements from the company.

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 no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. 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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