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

The S&P/ASX 200 Index (ASX: XJO) is once again having a red kind of day so far this Wednesday. Although not nearly as brutal as Monday’s falls, the ASX 200 has lost a mild 0.23% so far today to just under 6,990 points at the time of writing.

But rather than trying to figure all of that out, let’s instead examine the ASX 200 shares presently making the top of the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

AMP Ltd (ASX: AMP)

Let’s start with ASX 200 financial services company AMP. So far today, a notable 19.61 million AMP shares have traded hands on the ASX. There’s been no fresh news out of AMP today, save for a routine share buyback notice.

But the AMP share price has put on a healthy 3.13% so far this Wednesday to $1.155 a share. Perhaps yesterday’s rumours that AMP could be circling the wealth management arm of Westpac Banking Corp (ASX: WBC) could be playing into these gains and, by extension, AMP’s trading volume.

Pilbara Minerals Ltd (ASX :PLS)

Next up we have the ASX 200 lithium share Pilbara Minerals, coming in with a sizeable 21.61 million shares traded thus far today. There’s been no new news out of Pilbara today.

But the company is enjoying some pleasing share price gains, in contrast to the overall ASX 200. At present Pilbara is trading at $3.675 a share, up 2.65% so far this Wednesday. This gain is probably the cause of the elevated trading volumes we are seeing.

Paladin Energy Ltd (ASX: PDN)

Finally this Wednesday, we have ASX 200 uranium share Paladin Energy. As it currently stands, a hefty 22.26 million Paladin shares have changed hands on the markets today.

Continuing with the outsized moves upward we saw from this company yesterday, Paladin shares have put on another 3.68% to 84.5 cents a share.

This is the likely source of the high trading volumes we are witnessing. As we covered yesterday, these gains could be connected to some positive developments for uranium that we’ve recently seen.

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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More reading

• Could the Pilbara Minerals share price really offer more than 50% upside in FY23?
• AMP share price lifts amid Westpac deal rumours
• Here are the top 10 ASX 200 shares today
• Could this new piece of legislation be a boost for ASX lithium shares?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday

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 recommended Westpac Banking Corporation. 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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