The S&P/ASX 200 Index (ASX: XJO) has reversed some of yesterday’s gains so far this Tuesday and is currently well into negative territory. At the time of writing, the S&P/ASX 200 Index (ASX: XJO) is down by 0.72% at just under 7,100 points.
But rather than dwelling on that sobering statistic, let’s instead check out the shares currently at the peak of the ASX 200’s volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume on Tuesday
Incitec Pivot Ltd (ASX: IPL)
Fertiliser and chemicals company Incitec Pivot is first up this Tuesday. Today has seen a healthy 16.15 million Incitec shares trade on the market at this point in time. There haven’t been any new developments out of this ASX 200 share so far today.
Saying that, the Incitec Pivot share price has had a big drop. It’s currently down by a nasty 2.9% at $3.69 a share. This is probably what has sparked the trading volumes we are witnessing.
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium producer Pilbara is next up today. We have currently seen a notable 19.86 million Pilbara shares bought and sold today. Again, we haven’t seen any news out of the company itself.
However, Pilbara has also suffered a nasty share price fall as it currently stands. Pilbara has endured a rather horrible 7.2% sell-off thus far and is currently sitting at $2.58 a share. It’s likely this steep drop is the reason why we are seeing Pilbara appear on this list.
Nickel Mines Ltd (ASX: NIC)
Last but certainly not least in terms of trading volumes, we have ASX 200 nickel share, Nickel Mines. A whopping 32.03 million of this company’s shares have swapped owners as it presently stands. That’s despite no major news out, and a flat share price at $1.15.
However, the flat share price does mask some extreme volatility we have seen with this company. Nickel Mines has had three distinct rises and falls thus far today, going as high as $1.19 a share at various points. It’s likely this volatility is behind so many shares finding a new home today.
The post Here are the 3 most heavily traded ASX 200 shares this Tuesday appeared first on The Motley Fool Australia.
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More reading
- Why are ASX 200 mining shares having such a dire day?
- These 3 ASX 200 shares are topping the volume charts on Monday
- Why Nickel Mines, Paladin Energy, Tassal, and Westgold shares are dropping
- Nickel Mines (ASX:NIC) share price slides despite Indonesian project update
- Down 14% in a month, why the Pilbara Minerals (ASX:PLS) share price is attractive right now: analyst
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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