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

a hand reaches up from a large pile of papers.

a hand reaches up from a large pile of papers.It’s turning out to be a bit of a mid-week slump for the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday. At the time of writing, the ASX 200 has lost a rather nasty 0.95%, putting the Index at just under 7,300 points.

So much for a happy hump day. But rather than dwelling on all of that, let’s instead check out the ASX 200 shares that are at the top of the share market’s trading volume charts right now, according to 

The 3 most traded ASX 200 shares by volume this Wednesday

Pilbara Minerals Ltd (ASX: PLS)

First up today is a frequenter of this list in ASX 200 lithium stock Pilbara Minerals. So far this session, a decent 15.39 million Pilbara shares have found a new ASX home.

There’s been no fresh news out of this leading lithium producer today, so we have to assume this volume is stemming from the movements of the company’s shares themselves. And Pilbara has indeed had a big day. At present, the company has lost a meaty 1.56% and is down to $4.095 a share.

Telstra Group Ltd (ASX: TLS)

From PLS to TLS! Next up we have the ASX 200 telecommunications giant Telstra. Telstra has seen a chunky 18.34 million of its shares taken to the exchange at this point of the trading day. We haven’t had any recent news out of the telco either.

So again, let’s check out the Telstra share price. Telstra is bucking the market very pleasingly so far this Wednesday. Right now, this blue-chip share has gained a healthy 0.61%, which lifts its shares to $4.125 each.

That’s a decent 1.65% outperformance or so of the broader market. This seems to be why we are seeing elevated trading volumes today.

Sayona Mining Ltd (ASX: SYA)

Third and finally this Wednesday, we have another ASX 200 lithium share in Sayona Mining. At this point of the session, a meaningful 45.19 million Sayona share shave been bought and sold. Sayona has had a very big week, only returning from a trading halt yesterday.

Then, we saw investors clamouring to buy Sayona shares after it was revealed the company had successfully pulled off a share placement at a premium price. But today, investors seem to be thinking twice and have sent this company down by a sobering 4.08% to 23.5 cents each. That’s despite Sayona reporting that it has produced its first batch of lithium spodumene concentrate this morning.

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 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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