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

It’s been a disappointing Tuesday for the S&P/ASX 200 Index (ASX: XJO) so far this session. After reporting a nice gain yesterday, the ASX 200 has slipped today, with the index currently nursing a loss of 0.46%. That puts the ASX 200 at just over 7,290 points.

But let’s not dwell too long on those sobering numbers. It’s time now to take a look at 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 Tuesday

Core Lithium Ltd (ASX: CXO)

As we went through this morning, ASX 200 lithium share Core Lithium is never far from the ASX 200’s most traded shares. So far today, a hefty 16.09 million Core Lithium shares have found their way to a new home. There’s been no fresh news out of Core itself that could explain this volume.

So what we are seeing is probably a consequence of what the company’s shares are doing. Core Lithium has taken a bit of a beating today, with its share price currently down 1% at $1.297. It fell more than 4% during intraday trading.

As my Fool colleague Monica covered this afternoon, most ASX lithium shares are being put in the firing line amid rumours coming out of the Chinese market that lithium demand could be cooling.

South32 Ltd (ASX: S32)

ASX 200 resources share South32 is the next stock worth taking a gander at. So far this Tuesday, a notable 16.33 million South32 shares have trekked to a new owner. We haven’t had any new developments out of this company either.

So again, it seems some share price action is to thank for the high volumes we are seeing. South32 shares have been a bit bouncy today. The company initially plunged down to $4.19 a share this morning, but recovered briefly by rising as high as $4.36 this afternoon.

However, the shares are presently trending lower again, and are going for $4.325 each at the time of writing.

Pilbar Minerals Ltd (ASX: PLS)

Another ASX 200 lithium stock in Pilbara Minerals is our final share of the day this Tuesday. At this point, a sizeable 26.42 million Pilbara shares have been bought and sold on the ASX today. Like South32, Pilbara’s shares have also been volatile.

The company has shuttled between $4.42 and $4.62 a share today with the share price currently just below the breakeven line at $4.605, down 0.11% for the day. This is the likely explanation for the elevated trading volumes on display.

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

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More reading

• Here’s why the Beach Energy share price is diving 6% on Tuesday
• Why are ASX 200 lithium shares taking a lashing today?
• What’s in store for the Woolworths share price in December?
• Is Core Lithium the hottest stock on the ASX 200 right now?
• The Sayona Mining share price went backwards in November. What now?

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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