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

It’s shaping up to be another torrid day for the S&P/ASX 200 Index (ASX: XJO) and ASX shares so far this Thursday. After falling for most of the week, the markets are keeping the ball rolling today, with the ASX 200 down another 0.6% at the time of writing to just over 7,180 points.

But rather than dwelling on all that, let’s instead take a look at the ASX 200 shares that are currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

Pilbara Minerals Ltd (ASX: PLS)

Our first cab off the rank today is the ASX 200 lithium producer Pilbara Minerals. So far this Thursday, a notable 22.9 million Pilbara shares have found a new home. There’s been no news out of the company today that explains this high volume.

Saying that though, the Pilbara share price has been absolutely roasted this session. Pilbara shares are presently down a painful 4.03% to $4.52 a share:

This comes after a top ASX broker warned that lithium prices could start trending lower over the next few years. It’s probably these share price falls that have resulted in the high volumes we are seeing.

Downer EDI Ltd (ASX: DOW)

Our second ASX 200 share of the day is a rare guest appearance on this list. Downer EDI has had a large 23.83 million of its shares swap hands as it currently stands. Unfortunately, this elevated volume looks like a direct consequence of Downer’s painful 21.46% drop we’ve seen today, putting the company at $3.77 a share:

This comes after Downer shares fell to just $3.31 this morning, a new 52-week low. These falls come after Downer announced a guidance revision this morning, which included an accounting error that could see a $40 million hit to the company’s books. Evidently, investors have not been impressed.

Core Lithium Ltd (ASX: CXO)

Finally today we have another ASX 200 lithium share in Core Lithium. This Thursday has seen a whopping 46.3 million Core shares cross the proverbial Rubicon. This seems to be along similar lines to Pilbara, with the added distinction that Goldman Sachs has slapped a sell rating on Core Lithium shares specifically.

The broker reckons that Core Lithium’s shares are overvalued compared to its peers. The Core Lithium share price has been whacked by a depressing 9.01% down to $1.19 a share so far today:

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

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More reading

• Why Core Lithium, Downer, Link, and Renascor shares are dropping today
• Why is the Pilbara Minerals share price having such a shocker on Thursday?
• Why is the Downer share price sinking 20% on Thursday?
• Core Lithium share price falls after being hit with sell rating from Goldman Sachs
• Here’s the lithium price forecast through to 2025

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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