It’s turning out to be another top day for the S&P/ASX 200 Index (ASX: XJO) and ASX shares this Tuesday. At the time of writing, the ASX 200 has risen by a pleasing 0.5% to just on 7,100 points.
But letâs dig a little deeper into these 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 Tuesday
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telco Telstra is first up this Tuesday. So far during today’s session, a sizeable 17.89 million Telstra shares have changed hands despite there being no fresh news out of Telstra today.
However, the company has gained some further steam and has powered ahead by 1.49% to $4.09 a share so far. Investors seem to have been showing a renewed interest in the telco since it raised its dividend last week. This gain is probably the source of the high volumes we are seeing.
Lake Resources N.L. (ASX: LKE)
Next up today is ASX 200 lithium stock Lake Resources. This Tuesday has seen a notable 19.64 million Lake shares bought and sold so far. Lake shares seem to be having the opposite problem to Telstra. The lithium share has copped a heavy selloff so far today. It’s currently down a nasty 8.22% at $1.34 a share.
There hasn’t been any news out of Lake either. However, this company has been on a breathtaking run in recent weeks. Despite today’s selloff, Lake shares remain up more than 100% over the past month alone. Even so, it’s the size of this share price fall that is probably to thank for the volumes we are witnessing.
Core Lithium Ltd (ASX: CXO)
Another ASX 200 lithium share rounds out our list today in Core Lithium. This Tuesday has seen a hefty 38.5 million Core shares fly across the ASX so far.
We seem to have a similar situation to Lake Resources here. Core Lithium shares have also been sold off today after a stellar run in recent weeks. The company has lost a painful 8.85% so far at $1.472 a share. Even so, Core Lithium shares remain up a pleasing 66% over the past month alone.
The post Here are the 3 most heavily traded ASX 200 shares on Tuesday 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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