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

The S&P/ASX 200 Index (ASX: XJO) seems to be having a bouncy, yet overall positive day of trading so far this Tuesday. After yesterday’s decidedly negative start to the trading week, the ASX 200 is back in the green at this point of the trading day, with the ASX 200 currently boasting a gain of 0.06%. That puts the index at just under 7,270 points. 

Let’s hope it lasts. But time now to dig a little deeper into these pleasing market moves by taking stock of the shares currently at the top of the ASX 200’s share trading volume charts right now, according to See if you can spot a theme today.

The 3 most traded ASX 200 shares by volume this Tuesday

Core Lithium Ltd (ASX: CXO)

First up this Tuesday is ASX 200 lithium stock Core Lithium. A notable 11.45 million Core Lithium shares have made their way across the ASX boards at the time of writing. There hasn’t been any fresh news out of Core Lithium itself this session.

But even so, Core Lithium, like most other ASX lithium shares, is not enjoying the spoils of the market’s good mood today. In contrast to the ASX 200’s decent performance, Core Lithium shares have shed a sad 1.2% today, dragging the company down to $1.07 a share. Perhaps investors have taken note of the recent bearish broker ratings that my Fool colleague Bronwyn covered this afternoon.

It’s this chunky slide in value that is probably behind this high trading volume on display here.

Pilbara Minerals Ltd (ASX: PLS)

Next up is another ASX 200 lithium stock in Pilbara Minerals. A hefty 18.45 million Pilbara shares have swapped hands as it currently stands on the markets thus far. We haven’t heard much out of Pilbara either.

So this elevated volume might be again the result of the negative share price movements we are witnessing with Pilbara stock this session. In this case, the company has shed 0.62% so far, putting Pilbara at $4.78 a share at present. Perhaps investors can blame those broker comments again.

Sayona Mining Ltd (ASX: SYA)

Finally this Tuesday, we have yet another ASX 200 lithium share in Sayona Mining. Pilbara and Core Lithium’s peer has seen a significant 25.7 million of its shares change owners on the markets thus far.

And once again, it looks as though a share price sell-off is to thank for this chunky figure. In Sayona’s case, this stock has shed a nasty 4.26% of its value today, leaving the company at 22.5 cents per share. With a fall of that size, it’s no surprise to see so many Sayona shares take to the skies today.

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

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