Well, it’s the first trading day of 2022, and the S&P/ASX 200 Index (ASX: XJO) is welcoming the new year in style! At the time of writing, the ASX 200 is up a pleasing 1.72% at 7,572 points.
But let’s dig a little deeper and check out the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.
3 most traded ASX 200 shares by volume on Tuesday
Telstra Corporation Ltd (ASX: TLS)
Our first high-volume ASX 200 share today is blue chip Telstra. This telco has seen a hefty 10.84 million of its shares trade on the markets so far this Tuesday. There’s not much in the way of news or announcements out of Telstra today. In saying that though, the Telstra share price is enjoying some healthy gains today.
The telco is currently up a solid 0.24% at $4.19 a share so far after touching a new 52-week high of $4.20 earlier this morning. This new high, together with Telstra’s ongoing share buybacks, are probably behind this elevated volume we see today.
Paladin Energy Ltd (ASX: PDN)
A recent addition to the ASX 200 Index, next up we have Paladin Energy. This uranium company has had a sizeable 15.4 million shares trade hands on the ASX boards so far today. This could be the result of the Paladin share price putting on a healthy 7.39% so far today, despite not much in the way of news coming out of the company.
This gain, as well as the high trading volume, could be the result of Paladin announcing that more than 14 million Paladin shares will be released from escrow on 11 January.
Pilbara Minerals Ltd (ASX: PLS)
And last, but certainly not least in terms of ASX 200 trading volume, we have lithium producer Pilbara Minerals. Pilbara has had a whopping 29 million of its shares find new homes thus far on Tuesday. Again, there hasn’t been any major developments from the company today.
However, Pilbara shares have enjoyed an exceptional trading session so far. This company is currently up a pleasing 8.13% so far today after touching a new all-time high of $3.50 a share just this morning. We discussed what might be going on with these gains earlier today, but this is almost certainly why we have seen so many Pilbara shares traded so far today.
The post These 3 ASX 200 shares are topping the volume charts this Tuesday appeared first on The Motley Fool Australia.
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More reading
- Here’s why the CBA share price had such a good run in December
- New year’s resolution: Why are ASX lithium shares having such a stellar day?
- Why Brainchip, Pilbara Minerals, Straker, and Whitehaven Coal shares are pushing higher
- Happy new high! Pilbara Minerals (ASX:PLS) share price up another 7%
- ASX 200 (ASX:XJO) midday update: Pilbara Minerals hits record high, energy shares rise
Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. 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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