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

The S&P/ASX 200 Index (ASX: XJO) is backing up yesterday’s losses with another day of red ink so far this Tuesday. At the time of writing, the ASX 200 has lost a depressing 1.06% and is back down under 7,000 points.

But rather than dwelling on those numbers, let’s instead take stock of the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Lake Resources N.L. (ASX: LKE)

Our first ASX 200 share up today is lithium stock Lake Resources. So far this Tuesday, a hefty 16.15 million Lake shares have bounced around the ASX. There’s been no fresh news or announcements out of the company today.

So we can probably assume this volume is the result of the volatility we have seen with his lithium share during today’s session. Lake shares initially spiked this morning, going as high as $1.28. However, investors have since gotten cold feet and sent the company into red territory. Its share price is currently down by 2.48% to $1.18. 

Telstra Corproation Ltd (ASX: TLS)

ASX 200 telco Telstra is next up this Tuesday. Thus far today, a notable 18.02 million Telstra shares have been phoned in. There hasn’t been much out of Telstra either.

But the telco has suffered a 0.48% drop to $4.13 a share so far. Perhaps there is some elevated trading activity today in anticipation of Telstra trading ex-dividend tomorrow for its upcoming final payment as well.

Pilbara Minerals Ltd (ASX: PLS)

Finally today, we have another ASX 200 lithium stock in Pilbara Minerals. A whopping 34.88 million Pilbara shares have been bought and sold on the markets as it currently stands. This one is more obvious.

Pilbara reported its FY22 earnings this morning, which we duly covered at the time. You can read more here but, long story short, investors seem to very much like Pilbara’s record $561.8 million profit. That’s going off of the fact that the lithium producer’s shares are up a healthy 3.31% at $3.275 a share at the time of writing.

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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More reading

• 3 ASX All Ordinaries shares trading ex-dividend tomorrow
• Why Altium, Ansell, Monadelphous, and Pilbara Minerals shares are charging higher
• Why is the Allkem share price acing it on Tuesday?
• Why is Lake Resources underperforming other ASX 200 lithium shares right now?
• Wall Street Slumps | Pilbara Minerals stunning profits | Kogan shares look cheap, Altium shares less so…

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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