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

It’s been a rather horrible day for the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday. At the time of writing, the ASX 200 is awash with red ink, banking a nasty loss of 1.45% at just over 6,720 points.

But let’s not dwell to long on that. So instead, it’s time to check out the ASX shares currently at the top 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 Corporation Ltd (ASX: TLS)

Our first ASX 200 share today is the blue-chip telco Telstra. So far this Wednesday, a hefty 21.34 million Telstra shares have been connected to a new owner. There hasn’t been too much in the way of news or announcements out of Telstra today.

So we can probably pin this elevated volume on the volatility we have seen in the telco’s shares during the current session. At present, Telstra is flat at yesterday’s closing price of $3.89 a share, belying its previous hive of activity. But the company initially opened in the green this morning before falling all the way down to $3.84.

Lake Resources NL (ASX: LKE)

ASX 200 lithium share Lake Resources is next up this Wednesday. So far today, a sizeable 22.95 million Lake shares have been bought and sold. This could be a byproduct of the news that the company put out this morning.

As my Fool colleague Brooke dug into this morning, Lake Resources has named a new CEO and managing director in David Dickson. Investors seem to approve of the new leader, with the Lake Resources share price up a robust 2.07% so far today to $1.23 a share. This looks to be the cause of the high volumes we see.

Pilbara Minerals Ltd (ASX: PLS)

Last but certainly not least, in terms of trading volume, we have the ASX 200 lithium producer Pilbara Minerals. Pilbara has seen a whopping 24.8 million of its shares trade hands on the markets as it currently stands.

This looks like a consequence of the new record-high Pilbara printed this morning. As we covered earlier today, Pilbara shares hit a new record high of $4.03 around lunchtime. The company has since cooled and is now at $3.94 a share, down 0.51% for the day so far. But there’s little doubt the elevated trading volumes we are witnessing can be pinned on this new high.

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

• 2 ASX All Ordinaries shares that defied today’s sell-off to crack new highs
• Why is the Lake Resources share price outperforming on Wednesday?
• Worst month of the year? The Pilbara Minerals share price has already hit 2 all-time highs in September
• Brokers name 2 ASX 200 shares to buy for a retirement portfolio
• Why did the Sayona Mining share price shoot 6% higher today?

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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