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

It’s been a down day for the S&P/ASX 200 Index (ASX: XJO) so far this Tuesday. After starting the week off on a positive note yesterday, the ASX 200 is in retreat today.

At the time of writing, the index has slipped by a mild 0.33%, leaving the ASX 200 at just under 7,130 points.

But time now to dive deeper into these market losses. So let’s check out the shares currently at the peak of the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

South32 Ltd (ASX: S32)

First up today is the ASX 200 resources share South32. So far this Tuesday, a notable 9.7 million South32 shares have been dug up and sold. There have been no fresh announcements from the company today that might explain this volume.

So we can probably assume it comes down to the movements of the South32 share price itself. It’s been a pretty decent day for investors, with South32 putting on a robust 181% to $4.49 a share.

Core Lithium Ltd (ASX: CXO)

Next up we have ASX 200 lithium share Core Lithium. A chunky 15.53 million Core Lithium shares have been exchanged on the ASX boards so far this session.

After yesterday’s stellar gains, the Core Lithium share price is in full retreat today. At present, this lithium producer has lost a painful 5.4% and is down to $1.14 a share. It’s this large fall that is almost certainly behind the substantial volumes we are witnessing.

Pilbara Minerals Ltd (ASX: PLS)

Third and finally this Tuesday, we have another ASX 200 lithium share in Pilbara Minerals, with a whopping 16.65 million shares traded.

There’s been no recent news out of Pilbara. So again, we have to assume that its chart-topping presence today is the result of the movement of the company’s shares themselves. Pilbara has had a very bouncy day indeed.

The company started out strong this morning, rising as high as $4.13 by midmorning (up almost 5%). But investors seemed to get second thoughts this afternoon and sent Pilbara back down the mountain. At present, the company is nursing a 1.53% loss at $3.87 a share. No wonder so many shares have been flying around today.

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 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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