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

The S&P/ASX 200 Index (ASX: XJO) is having yet another poor showing so far this Wednesday. After dipping in both Monday and Tuesday’s sessions, the index is again in the red today, with the ASX 200 currently down by another 0.47% to just over 7,256 points. 

But let’s not let that get us down. So instead, let’s check out the shares that are presently at the top of the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Core Lithium Ltd (ASX: CXO)

Once again, ASX 200 lithium share Core Lithium makes the cut of the most traded shares. So far today, a sizeable 15.01 million Core Lithium shares have been bought and sold on the ASX. There has been no news or announcements out of the company today.

So we can probably look to the Core Lithium share price to explain this volume and why Core Lithium shares have been volatile today. The lithium producer was in the red for most of the trading day, dipping as low as $1.26 a share.

But investors seem to have had a change of heart, with the company now trading at $1.30 a share, the same as yesterday’s closing price. It’s this bouncing around that is the likely explanation for this high volume today.

Santos Ltd (ASX: STO)

In a rarer appearance, our next ASX 200 share is oil and gas giant Santos. This Wednesday has seen a notable 16.67 million Santos shares find a new ASX home thus far. This could be a consequence of the announcement Santos made today.

As we covered earlier, the company has revealed a new, simplified capital management framework that targets higher shareholder returns “through the commodity price cycle”. That hasn’t stopped the Santos share price from going backwards by 0.48% to $7.215 a share in late afternoon trading though.

Pilbara Minerals Ltd (ASX: PLS)

Our final and most traded share today is another regular on this list in ASX 200 lithium share Pilbara Minerals. This Wednesday has seen a whopping 19.94 million Pilbara shares bought and sold. There’s been no news out of Pilbara today.

But the company has bucked the trends of the broader market and posted a healthy share price gain at this point of the trading day. At present, Pilbara shares are up a pleasing 2.06% at $4.705 a share. That’s despite a dip into red territory around midday.

This gain is probably why Pilbara is topping today’s volume charts.

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 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.

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