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

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.

It looks as though the S&P/ASX 200 Index (ASX: XJO) is set to end the week on a high note. At the time of writing, the ASX 200 has risen by a decent 0.21% to just under 7,260 points. If the index finishes up in the green today, it will be the fourth positive day in a row.

But let’s now dive deeper into these gains by taking a look at the shares currently topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Friday

Liontown Resources Ltd (ASX: LTR)

Our first share worth checking out this Friday is ASX 200 lithium stock Liontown Resources. So far today, a hefty 11 million Liontown shares have found a new ASX home. We haven’t had any fresh news out of Liontown today.

However, ASX 200 lithium shares seem to be on the nose this session. This follows what could be weakening growth in the lithium-hungry Chinese economy, as my Fool colleague dove into earlier today.

In Liontown’s case, we have seen a nasty 4.95% drop, putting the company at $1.98 a share. It’s this share price fall that is probably behind Liontown’s presence on our list.

Core Lithium Ltd (ASX: CXO)

Another ASX 200 lithium share is next in Core Lithium. This Friday has had a sizeable 23.08 million Core Lithium shares bought and sold at this point. It looks as though we have a similar situation going on here to that of Liontown.

Core Lithium shares are also facing investors’ cold feet this Friday. In this case, we have an even more disappointing 5.2% share price drop to report, which puts Core Lithium at $1.4 a share at the time of writing. Again, it’s this drop that has probably caused the volumes we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

Our third, final and most traded ASX 200 share of the day thus far is yet another ASX 200 lithium stock. Pilbara Minerals has watched a whopping 34.8 million of its shares swap hands as it currently stands.

At risk of receiving the ‘broken record’ label, again we see a massive share price drop that seems to be the culprit behind the high share volumes on display here.

Unfortunately for Pilbara shareholders, this lithium producer is leading the losses today, down a nasty 6.9% to $4.45 a share at present.

The post Here are the 3 most heavily traded ASX 200 shares on Friday appeared first on The Motley Fool Australia.

FREE Beginners Investing Guide

Despite what some people may say – we believe investing in shares doesn’t have to be overwhelming or complicated…

For over a decade, we’ve been helping everyday Aussies get started on their journey.

And to help even more people cut through some of the confusion “experts” seem to want to perpetuate – we’ve created a brand-new “how to” guide.

Yes, Claim my FREE copy!
*Returns as of November 7 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 no position in any of the stocks mentioned. 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 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.

from The Motley Fool Australia https://ift.tt/xerVUmd

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