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

A pair of legs can be seen on the floor buried under a pile of paperwork, indicating a high volume day.

A pair of legs can be seen on the floor buried under a pile of paperwork, indicating a high volume day.

Well, this Tuesday has seen a reversal of fortunes for the S&P/ASX 200 Index (ASX: XJO). After yesterday’s painful session, the ASX 200 has bounced back so far today. At the time of writing, the Index has gained a rosy 0.48%, which puts it back to just under 7,260 points.

So let’s now dive a little deeper into these market moves by taking a look at the ASX 200 shares that are presently topping the share market’s trading volume charts, according to

The 3 most traded ASX 200 shares by volume this Tuesday

Telstra Group Ltd (ASX: TLS)

ASX 200 telco Telstra is our first share worth a look at this Tuesday. So far today, a notable 15 million Telstra shares have been called in for trading. There’s been no news or major announcements out of Telstra today that might explain this volume.

So it’s therefore likely to be the movements of the Telstra share price itself that is to thank for this volume. Telstra shares have indeed had a bouncy day of trading.

The telco is currently up by 0.12% at $4.16 a share but swung to a temporary loss this morning at $4.12 before going as high as $4.18 a share soon afterwards. It’s probably this volatility that has resulted in so many Telstra shares changing hands.

Sayona Mining Ltd (ASX: SYA)

Next up this Tuesday we have the ASX 200 lithium stock Sayona Mining. This session has had a decent 24.21 million Sayona shares swap owners thus far. This is probably the result of Sayona’s pleasing share price gain that we’ve seen today.

At present, Sayona shares are up a robust 3.11% at 23 cents apiece. As we went through this afternoon, it’s been a rough and volatile month for this ASX 200 lithium share. But investors seem to be in a forgiving mood today, with this gain the likeliest explanation for the high volumes on display.

Pilbara Minerals Ltd (ASX: PLS)

Our third and most-traded ASX 200 share today is none other than another lithium stock in Pilbara Minerals. A hefty 30.72 million Pilbara shares have been bought and sold so far this session. Again, there’s no fresh news out of Pilbara itself. So it could be a few things that are putting this company at the top of the trading tables this Tuesday.

For one, Pilbara shares have bucked the market, and are currently down by 1.07% at $4.16 each. But there are also rumours flying around today that a very large parcel of Pilbara shares has changed hands.

Put that on top of Pilbara’s ex-dividend date for its first-ever dividend payment fast approaching, and we have a potent mix of factors that could all be driving the elevated volumes we are seeing.

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 positions in Telstra Group. 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 positions in and has recommended Telstra Group. 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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