After a shaky start this morning, it’s turning out to be a rather fine afternoon so far for the S&P/ASX 200 Index (ASX: XJO) on Wednesday. At the time of writing, the ASX 200 has gained a healthy 0.24% to rise above 7,120 points.Â
So letâs now dive deeper into these share market gains and check out the ASX 200 shares that are sitting at the top of the share marketâs trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Wednesday
Core Lithium Ltd (ASX: CXO)
ASX 200 lithium stock Core Lithium is first up this Wednesday. So far today, a sizeable 21.5 million Core Lithium shares have been traded on the share market. There’s been no major new news or announcements out of this company.
Saying that, we have still seen a big dip in the value of this lithium share. As we went into earlier, Core Lithium has seen a nasty 4.7% loss so far, which puts it at $1.42 a share. It’s probably this sell-off that we have to thank for the volumes we are seeing.
Pilbara Minerals Ltd (ASX: PLS)
Next up is Pilbara Minerals, another ASX 200 lithium stock. In Pilbara’s case, we have had a notable 26.95 million shares change hands as it currently stands.
This seems to be a similar situation to that of Core Lithium. There’s been no news or announcements out of the company. But that hasn’t stopped Pilbara shares from recording a significant loss today. At the time of writing, the Pilbara share price is down by 2.21% at $3.10 each.
Lake Resources N.L. (ASX: LKE)
Making it three-for-three today, our third and most traded ASX 200 share is yet another lithium stock in Lake Resources. And boy, is this one a whopper. For one, a hefty 37.8 million Lake shares have been bought and sold on the share market today.
This looks to have been caused by the painful 8.2% drop we’ve seen in the Lake Resources share price. My Fool colleague Mitchell went into this steep fall earlier this afternoon. But this is almost certainly the smoking gun for the large volumes of shares we are seeing.
The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.
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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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