Here are the 3 most heavily traded ASX 200 shares on Tuesday

What a wild Tuesday it is shaping up to be for the S&P/ASX 200 Index (ASX: XJO) today. The ASX 200 initially soared after market open this morning to a high of just under 6,650 points, but has since descended back to earth. The index is currently up just 0.13% at 6,610 points.

But let’s dig deeper into these market moves and take a look at the ASX 200 shares that are currently at the top of the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

South32 Ltd (ASX: S32)

ASX 200 diversified miner South32 is our first share to take a gander at this Tuesday. So far today, 9.55 million South32 shares have been bought and sold on the markets. There’s been no major news or announcements out of the company itself that might easily explain this volume.

However, the South32 share price itself has made some big moves today. It’s currently down by 0.7% at $3.60 but has been playing jump rope with the breakeven line for most of the day. It’s probably this volatility that has resulted in South32 making this list today.

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals is next up today. So far, this ASX 200 lithium stock has seen a notable 14.73 million of its shares change owners.

In this case, it looks as though Pilbara’s nasty share price tumble that has occurred is responsible for this volume. Pilbara shares have copped a beating today, with the lithium company defying the market with a hefty slump of 2.4% to $2.24 a share.

Core Lithium Ltd (ASX: CXO)

Another ASX 200 lithium stock is our final and most traded share to check out today. In Core Lithium’s case, a sizeable 17.36 million shares have been traded on the markets thus far. Again, it looks as though we have a share price fall to blame for this elevated trading volume.

Unfortunately for Core Lithium investors, this company has really copped a bad hand this Tuesday, with the Core Lithium share price down a painful 5.98% to 86 cents. Ouch.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Has a turnaround already begun for ASX tech shares? Experts reveal the outlook for FY23
• These were the best (and worst) performing ASX 200 sectors of FY22
• What were some of the key lessons for ASX investors in FY22?
• Why is the Core Lithium share price powering down 6% today?
• ASX 200 midday update: Zip scraps Sezzle merger, Lake Resources’ short seller attack

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.

from The Motley Fool Australia https://ift.tt/RngXyxb