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

a group of three people carry a large block to line it up in ascending order with two other blocks nearby.

a group of three people carry a large block to line it up in ascending order with two other blocks nearby.It’s been a bit of a sad Thursday for the S&P/ASX 200 Index (ASX: XJO) so far this trading session.  After what was a shaky day yesterday, investor sentiment seems to have taken a turn for the worse today thus far.  

At the time of writing, the ASX 200 is down by a weighty 0.47%, dragging the Index down to just over 7,280 points.

But rather than dwelling on those sobering numbers, let’s instead check out the stocks that are at the peak of the ASX 200’s share trading volume charts at the moment, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Thursday

Telstra Group Ltd (ASX: TLS)

First up this Thursday is the telecommunications blue chip Telstra. So far today, a chunky 13.57 million Telstra shares have been rung up for trading. We did get a little piece of news out of Telstra this morning, with the telco announcing a new bond placement, worth 500 million Euros.

But this volume probably has more to do with Telstra’s share price performance today. This Thursday has seen the telco gain a healthy 0.35%, as well as hit a new 52-week high of $4.37 a share. With this news, it’s perhaps no surprise to see so many Telstra shares flying around.

South32 Ltd (ASX: S32)

Next up we have ASX resources share South32. This ASX 200 miner has had a decent 13.74 million of its shares dug up and sold at this point of the day. We haven’t had any news out of South32, save for a routine share buyback notice. The ongoing buybacks are probably boosting trading volumes alone. But South32 has also had a bit of a bouncy day.

The miner started off strong this morning, rising as high as $4.22 a share soon after market open. But investors seem to have gotten a case of cold feet, with the company now down a meaty 1.1% at $4.12 a share. It’s this indecisive share price performance that has probably resulted in the high number of shares trading.

Sayona Mining Ltd (ASX: SYA)

Finally this Thursday, let’s check out ASX 200 lithium stock Sayona Mining. So far, a scintillating 14.35 million Sayona shares have swapped shop as it now stands this session. We haven’t had any news out of Sayona either.

But the company has shed a nasty 4% of its value today regardless, putting the company down to 19.2 cents a share at present. It’s this sizeable sell off that seems to explain Sayona’s spot on this list right now.

The post Here are the 3 most heavily traded ASX 200 shares on Thursday 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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