The S&P/ASX 200 Index (ASX: XJO) had yet another day in the red on Wednesday. After only eking out a 0.1% gain on Monday and falling 0.4% yesterday, the ASX 200 recorded another loss for ASX investors today.

At market close, the Index finished down by a notable 0.49% at just under 7,200 points.

But let’s not allow that to get us down! It’s time for a distraction with a look at the shares that dominated the ASX 200’s share trading volume charts on Wednesday, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Sayona Mining Ltd (ASX: SYA)

First up today is the ASX 200 lithium stock Sayona Mining. This hump day has seen a decent 26.33 million Sayona shares swapped on the ASX.

There wasn’t any news out of Sayona itself this session that might easily explain why so many shares were flying around. However, there was a big move in the lithium stock’s share price that might explain it.

Sayona suffered a nasty fall today, dropping 4.44% to 21.5 cents a share. That’s despite the company making gains at one point today This drop, as well as the volatility we have seen, probably explains the high volume.

Pilbara Minerals Ltd (ASX: PLS)

Next up we have another ASX 200 lithium share in Pilbara Minerals. Sayona’s stablemate saw a sizeable 27.77 million of its shares change hands. Again, this looks like a byproduct of some serious volatility in the Pilbara share price.

Pilbara didn’t fare as badly as Sayona though but still nursed a 1.04% loss to $4.74 a share. However, Pilbara dropped as low as $4.70 a share this morning, before briefly rising into positive territory around midday. No wonder so many shares have been flying around.

Incitec Pivot Ltd (ASX: IPL)

Finally this Wednesday, let’s take a look at ASX 200 explosives and fertiliser manufacturer Incitec Pivot. A whopping 30.28 million Incitec shares were bought and sold on the ASX share market today.

This is almost certainly a result of the nasty share price drop we saw Incitec shares suffer. The company lost a meaty 7.84%, finishing the day at $2.94 a share. Incitec even got down to a new 52-week low of $2.86 earlier in the day as well.

This dramatic crash comes after Incitec Pivot released its latest half-year earnings. As we covered this morning, these earnings revealed an 8% slump in net profits and a 6% slide in earnings per share (EPS). It’s clear investors weren’t too impressed.

 

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

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

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why Appen, Best & Less, Incitec Pivot, and Weebit Nano shares are falling
• Incitec Pivot results: Here’s why this ASX 200 share is sinking 10% today
• Are ASX 200 lithium shares approaching a ‘tipping point’ for ripper revenues?
• 5 things to watch on the ASX 200 on Wednesday
• Here are the 3 most heavily traded ASX 200 shares on Tuesday

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 https://ift.tt/FeNoJ87

• Stock Market