The S&P/ASX 200 Index (ASX: XJO) just can’t seem to figure out what it wants with this Friday’s trading session. At the time of writing, the ASX 200 has gained 0.09% and is sitting at 7,084 points after seesawing between positive and negative territory all day thus far.
But rather than trying to figure all of that out, let’s instead take a look at the ASX 200 shares that are topping the market’s trading volume charts right now, according to investing.com.
The 3 most traded ASX 200 shares by volume this Friday
Scentre Group (ASX: SCG)
ASX 200 real estate investment trust (REIT) Scentre Group is our first cab off the rank today. The Westfield owner has seen a hefty 13.1 million of its units trade on the ASX thus far. There hasn’t been too much in the way of news or announcements out of Scentre so far today.
However, we have seen significant volatility in the Scentre unit price. The company is presently down 0.17% at $2.94 a unit, but has been as high as $2.99 and as low as $2.93 over the trading day. It’s probably this bouncing around that is responsible for so many shares trading on the markets.
Paladin Energy Ltd (ASX: PDN)
Next up, we have ASX 200 uranium miner Paladin Energy. Paladin has had a substantial 26.3 million shares swap owners as it currently stands. Again, we have no major developments out of Paladin so far today, although the company did release an investor presentation yesterday morning.
However, the Paladin share price has also been showing some volatility this Friday. The company is currently enduring a 0.42% loss at 69 cents per share. But this company has been both down 1% and up more than 3% in the span of today’s session. Once more, it’s this whipsawing that is likely to be the smoking gun behind this elevated trading volume.
Sydney Airport (ASX: SYD)
Last, but certainly not least, in terms of trading volumes we have Sydney Airport. This ASX 200 infrastructure stalwart has had a whopping 30.35 million shares bought and sold on the markets today. The Sydney Airport share price hasn’t done too much this Friday. It’s currently cruising at a flat $8.72.
However, we got the news yesterday that shareholders have voted overwhelmingly in favour of Sydney Airport’s buyout by the Sydney Aviation Alliance. It’s now very likely that the company will be delisted from the ASX next week. So this volume could be the result of investors looking to cash out ahead of time.
The post These 3 ASX 200 shares are topping the volume charts on Friday appeared first on The Motley Fool Australia.
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More reading
- Tech stocks crash, while Nufarm soars. Scott Phillips on Nine’s Late News
- ASX 200 (ASX:XJO) midday update: REA and News Corp impress, Boral plummets
- Should you buy ASX shares now or wait just a little bit?
- 5 things to watch on the ASX 200 on Friday
- Here are the top 10 ASX shares today
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 Bruce Jackson.
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