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

It’s been a shaly and indecisive day for the S&P/ASX 200 Index (ASX: XJO) so far this Tuesday. After rallying this morning, the ASX 200 has slipped back into negative territory over the afternoon. 

At present, the index is sitting on a loss of 0.2% for the session thus far, putting it at just under 7,470 points.

But rather than letting all of that get us down, it’s time to 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 Tuesday

Pilbara Minerals Ltd (ASX: PLS)

First up today, we have a familiar face for this list in ASX 200 lithium leader Pilbara Minerals. This Tuesday has seen a notable 15.48 million Pilbara shares change hands as it currently stands. There’s been no recent news out of Pilbara.

As such, we can probably put this high volume down to the share price movements of the company itself. So far this session, Pilbara shares have copped a pretty severe beating, with the company down a nasty 4.2% to $4.80 a share right now. Such a big drop is always going to result in a lot of shares flying around.

Core Lithium Ltd (ASX: CXO)

Next up we have Pilbara’s fellow ASX 200 lithium share Core Lithium. Today has had a hefty 20.47 million Core shares find a new home at this point of the day. Again, with no fresh news out of Core, it seems we have a share price movement to blame for this elevated volume.

Unfortunately for Core investors, this lithium stock has been hit even harder than Pilbara today. It’s currently nursing a 6.91% loss down to $1.14 a share. This is almost certainly the root cause of the high volumes we are seeing.

Sayona Mining Ltd (ASX: SYA)

Our final ASX 200 share worth a look at this Tuesday is yet another lithium stock in Sayona Mining. A massive 64.2 million Sayona shares have been swapped by investors so far today.

We have had some news out of Sayona today, with the company revealing this morning that it has held a successful trial run in reopening its North American Lithium operation in Canada, with 400 tonnes of ore successfully processed.

But this news hasn’t stayed in investors’ hands, with Sayona copping one of the worst falls on the markets today. The lithium share is currently down by a depressing 10.17% at present to 36 cents a share. No wonder so many shares are zooming around the markets.

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

(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

• Why is the AMP share price smashing the ASX 200 on Tuesday?
• Why Bubs, Core Lithium, Megaport, and Pointsbet shares are crashing today
• Coles share price surges, brokers say more gains to come
• Is this why investors are selling down the Core Lithium share price today?
• Forget lithium! I’m using the Warren Buffett method to help find winning ASX shares in 2023

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/qEWCJcr