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

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

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

Sadly, it’s been another red day for the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday, albeit a mild one. Following yesterday’s loss, the ASX 200 has slipped again today, with the index currently down by 0.23%, putting it at just under 7,250 points. 

Let’s now delve deeper into this anaemic performance by checking out the ASX 200 shares that are topping the share market’s trading volume charts at present, according to 

The 3 most traded ASX 200 shares by volume this Wednesday

Appen Ltd (ASX: APX)

First up today is ASX 200 tech stock Appen. So far this Wednesday, a decent 13.44 million Appen shares have been exchanged on the ASX. Unfortunately for investors, this volume is almost certainly a result of the devastating 26% loss the company is nursing right now.

Yep, Appen shares closed at $3.19 yesterday, but are currently down to $2.36. This follows the company releasing a trading update. This revealed the company has recorded a drop in revenues of 21.4% over the first four months of FY2023, as well as a 24.7% slide in gross profits.

Pilbara Minerals Ltd (ASX: PLS)

Next up, we have ASX 200 lithium share Pilbara Minerals to check out. A hefty 14.58 million Pilbara shares have been bought and sold so far this session. We haven’t had any fresh news out of Pilbara today that might explain this volume.

So it’s probably a result of the company’s share price movements themselves. Pilbara is indeed having a tough one today. While not as devastating as the Appen experience, this lithium leader has still shed a notable 2.24% so far today, putting Pilbara down to $4.58 a share.

Paladin Energy Ltd (ASX: PDN)

Last, but certainly not least in terms of trading volumes, we have ASX 200 uranium share Paladin Energy to consider. In this case, it seems another large share price movement is responsible for this elevated volume – some 20.35 million shares thus far. But luckily for Paladin shareholders, it is one going in the opposite direction to Pilbara and Appen. The Paladin share price is on fire today, currently up by almost 8% at 71 cents a share.

That’s despite no news out of this company today either. However, investors seem to have been flooding into this company for the past week, following the release of a corporate presentation back on 4 May. Since then, Paladin has gained more than 14%.

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 no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Appen. 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.

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