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

An office worker and his desk covered in yellow post-it notes

An office worker and his desk covered in yellow post-it notes

It’s been another calamitous day for the S&P/ASX 200 Index (ASX: XJO) so far this Tuesday. After a rough start to the week yesterday, sellers have stepped on the gas today, sending the ASX 200 down by a nasty 1.67% at the time of writing to just under 7,000 points.

The ASX 200 has now wiped out its gains for the entire 2023 year to date.

But let’s not let that sobering statistic ruin our Tuesday. So instead, let’s turn to an analysis of the ASX 200 shares that are presently at the top of the share market’s trading volume charts, according to 

The 3 most traded ASX 200 shares by volume this Tuesday

Pilbara Minerals Ltd (ASX: PLS)

First up this Tuesday we have the ASX 200 lithium leader Pilbara Minerals. So far today, a sizeable 28.12 million Pilbara shares have made their way across the ASX boards. There hasn’t been any fresh news out of Pilbara itself today.

But we don’t have to look too much further to see where this volume might be coming from. The Pilbara share price has collapsed today, currently down by a depressing 6.56% at $3.64 a share. Lithium shares have been particularly hard hit in this sell-off, so this seems to be the cause of the high trading volumes we are seeing.

Medibank Private Ltd (ASX: MPL)

Next up we have ASX 200 health insurer Medibank Private. So far this session, a chunky 27.87 million Medibank shares have been exchanged on the ASX. We haven’t had any news out of Medibank today either, or indeed this month so far.

So it looks like another share price fall is to blame. Medibank hasn’t copped it as badly as Pilbara today. But this ASX 200 share is still down by a hefty 2% at $3.20 each. That puts its losses in March so far at just over 4%.

Sayona Mining Ltd (ASX: SYA)

Finally, this Tuesday, let’s take a look at another ASX 200 lithium stock in Sayona Mining. This trading session hasn’t been kind to Sayona shares. Despite a lack of news from the company itself, the Sayona share price has fallen by a nasty 6.7% and is now going for just 21 cents each.

Since last Thursday, the Sayona share price has lost more than 17% of its value. It’s this sizeable sell-off that seems to have placed Sayona at the top of the most traded stocks pile today, with a whopping 40.89 million shares traded thus far.

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

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now…

See The 5 Stocks
*Returns as of March 1 2023

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];[property] = defaultValue;

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);

More reading

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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s