The S&P/ASX 200 Index (ASX: XJO) is enjoying a healthy day in the green today. At the time of writing, the ASX 200 is currently up 0.23% to 7,344 points. But let’s take a look at which ASX 200 shares are being the most heavily traded today:
3 of the ASX 200’s most heavily traded shares today
Pilbara Minerals Ltd (ASX: PLS)
Lithium miner Pilbara Minerals is never too far from the podium with this list, and today is no exception. A robust 12.34 million Pilbara shares have swapped hands so far today, making it the third-most traded ASX 200 on the markets. There has been no official news or announcements out of Pilbara this Thursday. However, saying that the Pilbara share price is having a fantastic day today. It’s currently up a very healthy 2.68% so far today to $1.53 a share. That’s just inches away from its all-time high of $1.60. It’s therefore likely that this rise in the value of Pilbara shares today is behind the heavy trading volume we are seeing.
Sydney Airport Holdings Pty Ltd (ASX: SYD)
Sydney Airport has been flying around the ASX 200 boards all week this week, and is doing so again today. At the time of writing, 14.37 million SYD shares have found a new home (or two) so far. The big news on Sydney Airport this week is of course the takeover offer lobbed its way on Monday. This resulted in a 35% boost to this company’s share price at the time. And today, Sydney Airport shares are up again, this time by a very enthusiastic 3.02% to $7.84. It’s this excitement and moves upwards today that is probably behind the relatively large number of Sydney Airport shares trading this Thursday.
Zip Co Ltd (ASX: Z1P)
Zip Co is the winner of the most traded ASX 200 shares today, with a very hefty 29 million shares having traded hands so far. This one is easily explainable. Zip shares are up a whopping 15.8% so far today and are sitting at $8.94 a share at the time of writing, well above the $7.73 they closed at yesterday. The catalyst for this great leap upwards? News that fellow BNPL provider and Swedish company Klarna has acquired a 4% stake in Zip. Klarna is a giant of the BNPL space, with a value of US$45.6 billion by its latest funding round. It also has the backing of several large investors, including Japan’s famous SoftBank. With such a dramatic show of support, it’s no wonder ASX 200 investors are fighting over Zip shares today.
The post Here are 3 of the ASX 200’s most heavily traded shares today 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. owns shares of and has recommended ZIPCOLTD FPO. 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 Bruce Jackson.
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