The shakiness of the S&P/ASX 200 Index (ASX: XJO) seems to be continuing for investors thus far on Tuesday. The ASX 200 has been bouncing around all day but is presently down by a paltry 0.06% at around 7,150 points.
But rather than trying to get our heads around all that, let’s instead check out the ASX 200 shares that are currently sitting at the top end of the market’s trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Tuesday
Nufarm Ltd (ASX: NUF)
ASX 200 chemicals manufacturer Nufarm is our first share to check out today. So far this Tuesday, a hefty 14.12 million Nufarm shares have been bought and sold on the markets today.
This is almost certainly a consequence of the company’s painful share price loss today. Nufarm shares are currently down by a nasty 14.4% at a flat $5. This slump follows news that Nufarm’s largest investor, the Japanese Sumitomo Chemical Co Ltd, has dumped its 15.9% stake in Nufarm for a heavy loss. NUF said.
Pilbara Minerals Ltd (ASX: PLS)
Pilbara Minerals is our next company to have a look at this Tuesday. So far, a sizeable 15.77 million of this ASX 200 lithium producer’s shares have been thrown around the ASX.
There’s been no news out of Pilbara today that might explain this high volume. However, the company is still up a pleasing 4.1% so far today at $2.92 a share. It’s this strong rise that is the likely cause of these volumes we are seeing.
Tabcorp Holdings Limited (ASX: TAH)
ASX 200 gaming giant Tabcorp is our final and most traded share of the day as it currently stands. A whopping 100.56 million Tabcorp shares have so far swapped hands. This is almost certainly the result of the demerger that has occurred with Tabcorp shares today.
No, the company is not down 80%, as is suggested in some corners. Instead, Tabcorp has completed the ASX spinoff of The Lottery Corporation Limited (ASX: TLC), which has debuted on the ASX today. Shareholders received one Lottery Corp share for every Tabcorp share owned. So while Tabcorp has dropped in value, investors have also got some shiny new shares to admire.
The post Here are the 3 most traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.
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More reading
- The Pilbara Minerals share price has surged 15% in 2 weeks. What’s happening?
- Here’s what you need to know about the Tabcorp demerger
- Looking for the world’s biggest dividend? You’ll find it right here on the ASX 200
- The Lottery Corporation share price debuts on the ASX boards
- Why are ASX 200 lithium shares kicking goals 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 Scott Phillips.
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