The S&P/ASX 200 Index (ASX: XJO) is having quite a choppy day today, and has been bouncing around for most of the trading session. At the time of writing, the ASX 200 is holding up by 0.12% at 6,999 points.
But let’s dig deeper and take a glance at the ASX 200 shares that are currently topping the share market’s volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume so far on Friday
South32 Ltd (ASX: S32)
Resources share South32 is our first cab off the rank today. This diversified ASX 200 miner has had a hefty 15.27 million shares trade on the markets so far this Friday. There has been no major news or announcements out of the company today, save for a share buyback notice.
However, the South32 share price has enjoyed a strong day of gains today. It’s presently up 2.2% at $4.64. It’s this move, plus the company’s buybacks, that are probably responsible for this elevated volume.
Telstra Corporation Ltd (ASX: TLS)
Telstra is next up this Friday. So far, a sizeable 18.42 million of this ASX 200 telco’s shares have been bought and sold on the markets. Again, we have a very similar situation going on. No major news except for a share buyback notice.
Telstra shares have been bouncing around a little today, and are currently down by 0.13% at $3.94 each. With these buybacks going on amid this volatility, we can say that these are the likely causes of this high volume we see.
Pilbara Minerals Ltd (ASX: PLS)
Our final and most traded ASX 200 share of the day goes to lithium producer Pilbara Minerals. Pilbara has had a whopping 26.55 million shares trade owners as it currently stands. This company always seems susceptible to big market moves.
Yesterday we had a drop of more than 7%. But today, we see a healthy gain of 4.77% so far. It’s this notable jump that is probably behind Pilbara’s place at the top of the table today.
The post These 3 ASX 200 shares are topping the volume charts this Friday appeared first on The Motley Fool Australia.
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More reading
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- Magellan (ASX:MFG) share price slips 6% as funds continue mass exodus
- ASX 200 (ASX:XJO) midday update: Block rockets, Blackmores sinks
- Brokers name 2 ASX 200 mining shares to buy
- 2 top ASX growth shares that have been heavily sold off
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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