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

It’s been another day of gains, if tentative ones, for the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday. At the time of writing, the ASX 200 is up by 0.19% to just under 7,270 points. This comes after the ASX 200 initially opened in the red this morning.

But let’s dive a little deeper into these market gyrations by checking out the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Telstra Group Ltd (ASX: TLS)

First up today is the ASX 200 telco Telstra. So far this Wednesday, a notable 13.18 million Telstra shares have been phoned home. There’s been no new developments or announcements out of the company today. Saying that, we have seen a big drop in the value of the telco’s shares today thus far.

At present, the Telstra share price is down by a nasty 1.12% at $3.955 a share. Given Telstra’s relatively low share price compared to its size, this move is probably enough to elicit the volumes we are seeing.

Nearmap Ltd (ASX: NEA)

Next up today we have ASX 200 aerial mapping company Nearmap. In a rare appearance on this list, Nearmap has watched as a hefty 14.32 million of its shares have chartered their way to new owners this session. Nearmap is in the midst of a takeover offer from Thoma Bravo.

This suitor has offered to acquire Nearmap in full for a price of $2.10 a share. Nearmap shares have now climbed more than 6% over the past week to reach that takeover price today. All of this drama is probably behind the volumes we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

Finally today we have ASX 200 lithium share Pilbara Minerals to discuss. So far this Wednesday a whopping 28.84 million Pilbara shares have changed owners. With this company, we haven’t had any fresh news out either. However, this session has seen some rather bouncy share price moves.

Pilbara initially opened in the red this morning, sinking as low as $4.41 a share. But investors seem to have improved their outlook on the lithium leader as the day has progressed. Pilbara shares are now up a healthy 1.45% to $4.56 each. These swings have probably resulted in the high volumes we are witnessing. 

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 positions in Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Nearmap Ltd. 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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