The S&P/ASX 200 Index (ASX: XJO) has shaken off the meandering of the past two days so far on Wednesday. The ASX 200 initially opened strong this morning, but has been brought down to earth over the course of the trading day, and is now up by 0.7% at around 7,180 points.
So let’s dive a little deeper and check out the ASX shares that are currently sitting at the peak of the ASX 200’s share trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Wednesday
Telstra Corproation Ltd (ASX: TLS)
Telstra is our first ASX 200 share to have a glance at this Wednesday. At the time of writing, a hefty 11.16 million Telstra shares have been bought and sold on the markets thus far. There hasn’t been anything of note out of the telco itself today. However, the Telstra share price is shooting ahead. It’s currently up by a market-beating 1.42% at $3.92 a share. We can probably thank this rise for the elevated volumes we are seeing with this blue-chip share today.
Pilbara Minerals Ltd (ASX: PLS)
From TLS to PLS! ASX 200 lithium stock Pilbara Minerals is next up this Wednesday. So far today, a notable 15.9 million Pilbara shares have found their way to a new home. We haven’t heard anything out of the Pilbara offices today either. But Pilbara shares are copping quite the beating today and have lost almost 4.5% of their value. This could be related to the company’s auction results, which were released yesterday. Although these were promising, they still might not have met investors’ lofty expectations. It’s this steep drop that has probably resulted in Pilbara’s place on this list today.
Tabcorp Holdings Limited (ASX: TAH)
For the second day in a row, it’s ASX 200 gaming company Tabcorp that takes out the top spot. So far in this Wednesday’s trading session, a whopping 38.93 million Tabcorp shares have swapped hands. Tabcorp spun out its Lottery division this week, which is now its own ASX company in The Lottery Corporation (ASX: TLC). But investors apparently have been drawn to the newer, shinier share, with Tabcorp copping a 4.55% selldown so far today to $1.01. So it’s likely that it is this selloff, combined with the machinations of a demerger, that has elevated Tabcorp to the ASX 200’s most traded share so far today.
The post These 3 shares are topping the ASX 200 volume charts on Wednesday appeared first on The Motley Fool Australia.
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More reading
- Top brokers name 3 ASX shares to buy today
- Could Tabcorp’s newly demerged Lottery Corporation become a takeover target?
- ASX 200 midday update: BHP and Pilbara Minerals shares tumble
- Is Telstra an ASX 200 share worth owning right now?
- Tabcorp share price slumps another 7% following demerger
Motley Fool contributor Sebastian Bowen has positions in 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 has positions in 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 Scott Phillips.
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