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Wednesday was a wobbly one for S&P/ASX 200 Index (ASX: XJO) shares as energy stocks weighed on the market. The index finished today’s session 0.23% higher at 6,621.60 points.

However, investors may have breathed a sigh of relief as the ASX 200 traded relatively flat today following Wall Street’s disappointing session overnight.

The S&P 500 fell 0.92% in Tuesday’s session overseas while the Dow Jones Industrial Average lost 0.62%. The tech-heavy NASDAQ Composite also slumped 0.95% as most of Australia slept.

Interestingly, ASX 200 tech shares posted a decent session today, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) closing in the green.

Oil prices plunged more than 7% overnight amid a stronger US dollar, concerns regarding COVID-19 restrictions in China, and fears of an economic slowdown, reports Reuters.

Brent crude oil plunged 7.1% to US$99.49 a barrel overnight while the US Nymex crude price slid 7.9% to US$95.84 a barrel.

Perhaps unsurprisingly, the S&P/ASX 200 Energy Index (ASX: XEJ) was the market’s worst performing segment today, falling more than 1.5%.

At the end of Wednesday’s trade, seven of the ASX 200’s 11 sectors were higher.

So, which ASX shares outperformed all others today? Let’s take a look.

Top 10 ASX shares countdown

Taking out the crown as the best performer among ASX’s 200 biggest companies by market capitalisation is lithium giant Pilbara Minerals Ltd (ASX: PLS).

Read what Pilbara Minerals has been up to lately, here.

Today’s top 10 biggest gains were made by these ASX shares:

ASX-listed company	Share price	Price change
Pilbara Minerals Ltd (ASX: PLS)	$2.365	5.58%
Zimplats Holdings Ltd (ASX: ZIM)	$23.92	5.33%
Whitehaven Coal Ltd (ASX: WHC)	$5.36	3.88%
Chalice Mining Ltd (ASX: CHN)	$3.685	3.8%
Qantas Airways Limited (ASX: QAN)	$4.395	3.66%
Meridian Energy Ltd (ASX: MEZ)	$4.40	3.53%
New Hope Corporation Limited (ASX: NHC)	$4.03	3.33%
Coronado Global Resources Inc (ASX: CRN)	$1.595	3.24%
Boral Limited (ASX: BLD)	$2.60	3.18%
Domino’s Pizza Enterprises Ltd (ASX: DMP)	$71.15	3.16%

Data as at 3:59pm AEST.

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

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More reading

• Why has the Pilbara Minerals share price shot up 5% today?
• Why Block, Megaport, Navigator Global, and Whitehaven Coal shares are rising
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why has the Aristocrat share price increased 17% in two months?
• These were the 5 top performing ASX energy shares of FY22

Motley Fool contributor Brooke Cooper 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 Dominos Pizza Enterprises 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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Some of the biggest businesses in Australia are S&P/ASX 200 Index (ASX: XJO) bank shares. Indeed, financials make up more than a quarter of the ASX 200.

There are plenty of recognisable names within the ASX 200 banking sector, such as: Commonwealth Bank of Australia (ASX: CBA), Australia and New Zealand Banking Group Ltd (ASX: ANZ), National Australia Bank Ltd (ASX: NAB), Westpac Banking Corp (ASX: WBC), Macquarie Group Ltd (ASX: MQG), Suncorp Group Ltd (ASX: SUN), Bank of Queensland Limited (ASX: BOQ), and Bendigo and Adelaide Bank Ltd (ASX: BEN).

The earnings of each are somewhat different, with differing levels of exposure to non-lending earnings as well as various levels of exposure to different Australian states.

But something that they’re all exposed to is rising interest rates and how this may affect their lending.

ASX 200 bank shares take a dive

Interest rates can have an impact on asset valuations. On top of that, banks are particularly affected within their operations.

So, are rising interest rates a good or bad thing for banks? Interestingly, the market has sent share prices lower since the Reserve Bank of Australia (RBA) move to increase interest rates by 50 basis points, or 0.5%. Remember, share prices are meant to be forward-looking.

Looking at the big four ASX banks since 3 June 2022, the CBA share price has fallen more than 10%, the Westpac share price has dropped 16%, the ANZ share price is down 10%, and the NAB share price has dropped just under 10%.

On the one hand, it is believed that higher central bank interest rates will lead to improved lending margins. This is called the net interest margin (NIM) where the lending rate is compared to the funding costs (such as interest paid to savers using savings accounts). Certainly, savings account interest rates are not rising as quickly as the interest rate on loans.

Broker thoughts on the sector

In FY23, brokers such as Macquarie believe that the ASX 200 bank share NIMs will rise. However, higher interest rates could also come with a problem – higher bad debts. Some households may not be able to cope with the higher interest payments, leading to rising arrears and then loan impairments.

Time will tell whether the profit boost from a higher NIM outweighs the (predicted) higher bad debts or not.

For Macquarie, NAB is its preferred big four ASX bank, with CBA being the least preferred.

Macquarie rates CBA as ‘underperform’ with a price target of just $78 – that implies a mid-teen fall of the CBA share price in percentage terms. NAB is rated as ‘outperform’, with a price target of $29.50.

The broker is ‘neutral’ on ANZ with a price target of $23.50, while the Westpac rating is also ‘neutral’ with a price target of $22.

However, the broker is expecting growing dividends over FY22 and FY23 for the big four ASX banks.

Macquarie is ‘neutral’ on Bendigo Bank, with a price target of $10. The broker has a ‘outperform’ rating on BOQ with a price target of $8. The broker also has an ‘outperform’ rating on Suncorp, with a price target of $15.

The post What’s the outlook in FY23 for ASX 200 bank shares? appeared first on The Motley Fool Australia.

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More reading

• ASX 200 midday update: ANZ confirms MYOB talks, energy shares fall
• ANZ share price drops amid MYOB takeover talks
• $264 million! The 10 highest-paid CEOs on the ASX
• Investors were seeking out ASX shares in June. Here’s why
• Are falling BNPL shares pushing the ASX banks higher today?

Motley Fool contributor Tristan Harrison 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 positions in and has recommended Bendigo and Adelaide Bank Limited. The Motley Fool Australia has recommended Macquarie Group 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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It’s been a very bumpy day of trading for the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday. At the time of writing, the ASX 200 is up by just 0.13% after swinging between gains and losses all trading day. But it’s been a far better time for the Pilbara Minerals Ltd (ASX: PLS) share price.

Pilbara shares are having a corker of a day today. This ASX 200 lithium stock is currently enjoying a 4.91% surge to $2.35 a share after closing at $2.24 a share yesterday. Not only that, but Pilbara is also the ASX 200’s most traded share by volume so far this Wednesday, as we covered this afternoon.

So what’s behind this market-beating performance from Pilbara?

Why is the Pilbara share price having such a corker today?

Well, unfortunately for lovers of certainty, we don’t exactly know. There hasn’t been any news or announcements out of Pilbara today. Or indeed this week. 

However, we are seeing something of a trend emerge on the ASX today. It’s not just Pilbara shares that are outperforming the market. It’s been a fairly successful day for many of Pilbara’s peers in the ASX lithium stock space.

Take the Core Lithium Ltd (ASX: CXO) share price. It’s currently up a healthy 1.17% at 86 cents per share. Or Liontown Resources Limited (ASX: LTR). Liontown shares are up 0.75% at 94 cents each. 

Allkem Ltd (ASX: AKE), formerly known as Orocobre, is also enjoying a 1.5% boost. Topping all of these shares is the Vulcan Energy Resources Ltd (ASX: VUL) share price, which has gained an impressive 7.06% so far today to $5.61 a share.

So clearly investors are in the mood for buying ASX lithium shares today. This appears to be the most likely reason why the Pilbara share price has enjoyed such a positive trading day this Wednesday.

At the current Pilbara Minerals share price, this ASX 200 lithium stock has a market capitalisation of $7 billion, with a price-to-earnings (P/E) ratio of 83.33.

The post Why has the Pilbara Minerals share price shot up 5% today? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Is this a good time to go digging for ASX 200 mining shares for FY23?
• Can the Pilbara share price charge up returns in FY23?

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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In late trade, the S&P/ASX 200 Index (ASX: XJO) is on track to record a small gain. The benchmark index is currently up 0.2% to 6,619.9 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are rising:

Block Inc (ASX: SQ2)

The Block share price is up 3% to $96.15. This follows a similarly positive night of trade on Wall Street for its NYSE-listed shares. Investors may believe the Block share price has been oversold following a 60% decline since the start of the year.

Megaport Ltd (ASX: MP1)

The Megaport share price is up almost 7% to $6.57. A rebound in the tech sector and a bullish broker note out of Goldman Sachs could be behind this gain. In respect to the latter, this week the reiterated its buy rating with a $9.00 price target on the company’s shares. This implies major upside potential even after today’s gain.

Navigator Global Investments Ltd (ASX: NGI)

The Navigator Global share price is up 6% to $1.40. This follows the release of the asset manager’s latest asset under management (AUM) update. That update revealed that its AUM grew to US$22.9 billion at the end of June. This was driven by strong growth from its NGI Strategic portfolios, which reported a 9% increase in AUM.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is up 4% to $5.37. The catalyst for this appears to be a broker note out of Credit Suisse. Its analysts have upgraded their coal price forecasts to reflect stronger than expected prices. It believes this bodes well for Whitehaven Coal, which is the broker’s top pick in the sector.

The post Why Block, Megaport, Navigator Global, and Whitehaven Coal shares are rising appeared first on The Motley Fool Australia.

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More reading

• FY22 was a lousy period for ASX fintech shares. Here’s why
• These were the 5 top performing ASX energy shares of FY22
• ASX 200 midday update: ANZ confirms MYOB talks, energy shares fall
• $264 million! The 10 highest-paid CEOs on the ASX
• Why did ASX coal shares leap today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Inc. and MEGAPORT FPO. The Motley Fool Australia has positions in and has recommended Block, Inc. The Motley Fool Australia has recommended MEGAPORT FPO. 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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The Zelira Therapeutics Ltd (ASX: ZLD) share price has exploded in the past two days.

This ASX medicinal cannabis share has risen 49% since market close on 11 July from $1.54 to the current price of $2.30. Since 6 July, the company’s share price has more than doubled.

Zelira is a biopharmaceutical company developing and commercialising clinically validated cannabis medicines.

So what’s going on?

What is happening at Zelira?

Investors appear to have reacted to positive news from the company. Today, the company reported it has achieved a major milestone.

Zelira has received German federal regulatory approval for its leading cannabinoid-based medicine, Zenivol.

The company’s shares were placed in a trading halt yesterday pending the release of this news.

Zenivol is used to treat patients with chronic insomnia.

Now, Zelira will be able to market the product in Germany, said to be Europe’s largest market for this type of medicine and one of the biggest in the world.

In September 2021, Zelira revealed it had entered an agreement with Adjupharm to commercialise Zenivol.

Commenting on today’s news, Zelira managing director Dr Oludare Odumosu said:

The formal approval of Zenivol by BfArM in Germany marks a major milestone for our business.

Germany is one of the largest global markets for cannabinoid-based medicines, and also one of the highest quality global regulatory markets for pharmaceuticals.

We look forward to working with our Partner, Adjupharm in launching Zenivol® in Germany and supporting patients and physicians in treating chronic insomnia in a safe and effective
manner.

Share price snapshot

ASX medicinal cannabis share Zelira has lost nearly 74% in the past year and 60% in the year to date. However, in the past week Zelira shares have jumped 130%.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has lost nearly 10% in a year.

Zelira has a market capitalisation of about $22 million based on the current share price.

The post Why has this ASX medicinal cannabis share soared 49% in two days? appeared first on The Motley Fool Australia.

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More reading

• Zelira shares rocket 28% before being placed on ice. Here’s the latest.

Motley Fool contributor Monica O’Shea 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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The Core Lithium Ltd (ASX: CXO) share price was on fire in the 2022 financial year (FY22).

Shares in the ASX lithium producer were trading at 24 cents on 30 June 2021, the final day of FY21.

On 30 June 2022, the Core Lithium share price closed FY22 at 96 cents, up a whopping 300% over the 12-month period.

To put that in an even better light, the All Ordinaries Index (ASX: XAO) lost 11% in FY22.

Core Lithium share price hits all-time highs in FY22

Core Lithium broke numerous record highs during the financial year just past.

Shares peaked at the current all-time high of $1.60 on 4 April.

Investors were bidding up the Core Lithium share price amid rocketing prices for lithium over most of FY22.

Lithium is a critical element in modern batteries, valued for its high conductivity and lightweight. And the global battery market was booming over the 12-month period amid fast growing sales of electric vehicles (EVs), with EV batteries accounting for some 70% of global lithium demand.

The company also received a big boost in March, when it announced it had reached an agreement with global EV company Tesla Inc (NASDAQ: TSLA) to supply 110,000 tonnes of lithium spodumene concentrate over four years. Pricing will be referenced to the market price of spodumene concentrate.

Core Lithium’s Finniss Lithium Project, located near Darwin in the Northern Territory will provide the concentrate, which the agreement with Tesla stipulates should commence before 31 July 2023.

The company expects the Finniss Lithium Project to start production by the end of the calendar year.

Another boost for the Core Lithium share price in FY22 was that the company joined the S&P/ASX 300 Index (ASX: XKO) following on its enlarged market cap. As part of the ASX 300, the company will receive more coverage and be open to more fund managers restricted to the larger indexes to invest in.

After a stellar 11 months, however, FY22 ended with a big sell-off.

If not for June…

The Core Lithium share price closed at $1.40 on the last trading day of May.

Had the financial year ended there, shares would have finished up 483%.

But June saw Core Lithium tumble 31% as investor sentiment towards the battery metal took a hit. This came after a number of influential analysts, including the boffins at Goldman Sachs, forecast that due to an overabundance of investment, lithium prices were due for a large short-term pullback despite continuing strong demand.

How that plays out over the coming months remains to be seen.

The post How did the Core Lithium share price gain 300% in the 2022 financial year? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why is the Core Lithium share price powering down 6% today?
• ASX 200 midday update: Zip scraps Sezzle merger, Lake Resources’ short seller attack
• Why are these ASX 200 lithium shares tumbling today?
• Here are the 3 most heavily traded ASX 200 shares on Friday

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Tesla. 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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The Northern Star Resources Ltd (ASX: NST) share price had a difficult time towards the end of FY22.

The gold miner finished the year down 32% last financial year and the trend has continued into FY23.

At the time of writing, Northern Star shares are up 1.62% on the day at $6.91 apiece.

What’s in store for Northern Star in FY23?

The price of gold continues to be a talking point for miners such as Northern Star. The yellow metal is now down more than 4% for the month and 6% over the last 12 months.

Its outlook looks choppy too, according to SPI Asset Management’s Stephen Innes. Speaking to Reuters, he said investors are “teetering on the edge of their seats ahead of US CPI”.

With the market convinced of another interest rate hike at the US Federal Reserve’s July meeting, “it feels like long positions in gold are still swimming upstream,” he added.

Meanwhile, 15 analysts covering Northern Star Resources have it rated as a buy right now, according to Refinitiv Eikon data.

In fact, there are no sell ratings for the company on the list.

The consensus price target is $12.25 per share, implying a return potential of 77% at the time of writing.

Certainly, analysts are bullish on the share and are expecting big things from it in FY23. As for the market, it continues to punish Northern Star with the stock trading near its 52-week lows during Wednesday’s session.

The company’s share price trajectory over the past year is illustrated below.

The post What’s the outlook for Northern Star share price in FY23? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• Down 23% in June, can the Northern Star Resource share price go up in July?
• Is this a good time to go digging for ASX 200 mining shares for FY23?
• 5 things to watch on the ASX 200 on Monday
• Why did the Northern Star share price lose its shine in FY22?

Motley Fool contributor Zach Bristow 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up slightly to 6,612 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Galileo Mining Ltd (ASX: GAL)

The Galileo Mining share price is down 4.5% to $1.17. This is despite the mineral exploration company releasing positive drilling results from the Callisto discovery. However, it is worth noting that this morning the company issued 17 million shares to institutional and sophisticated investors following its recent $20.4 million capital raising. Some of these could have been sold today.

Platinum Asset Management Ltd (ASX: PTM)

The Platinum share price is down over 2% to $1.71. Investors have been selling this fund manager’s shares following the release of its latest funds under management update. That update revealed that its funds under management dropped to $18.2 billion at the end of June.

Sezzle Inc (ASX: SZL)

The Sezzle share price has fallen a further 16% to 21.5 cents. Investors have been selling this buy now pay later (BNPL) provider’s shares this week after its merger with Zip Co Ltd (ASX: ZIP) was terminated. This latest decline means that Sezzle’s market capitalisation has now dropped to almost $40 million. A far cry from its ~$2 billion peak.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is down 2.5% to $30.20. Investors have been selling Woodside and other energy shares on Wednesday after oil prices tumbled overnight. Traders were selling down oil prices amid concerns over demand. The S&P/ASX 200 Energy index is down 1.6% in afternoon trade.

The post Why Galileo Mining, Platinum, Sezzle, and Woodside shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Sezzle shares plunge another 16%, now down 60% in a week
• These were the 5 top performing ASX energy shares of FY22
• Why are Beach, Santos and Woodside share prices tumbling today?
• ASX 200 midday update: ANZ confirms MYOB talks, energy shares fall
• Why are ASX 200 energy shares underperforming today?

Motley Fool contributor James Mickleboro 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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Financial year 2022 (FY22) was a rough one for ASX financial technology (better known as fintech) shares. Many of the market’s favourites recorded notable tumbles last financial year.

Here’s how some of the most renowned ASX fintech shares performed in FY22:

• Block Inc (ASX: SQ2) fell 49%
• EML Payments Ltd (ASX: EML) fell 64%
• Hub24 Ltd (ASX: HUB) fell 25%
• Netwealth Group Ltd (ASX: NWL) fell 27%
• Tyro Payments Ltd (ASX: TYR) fell 84%

Meanwhile, some ASX buy now, pay later (BNPL) shares, which arguably fall into the category, tumbled more than 90% in FY22.

So, what weighed on ASX fintech shares in FY22? Let’s take a look.

What dragged on ASX fintech shares in FY22?

ASX fintech shares had a rough ride in FY22 as inflation rose and interest rates were hiked.

Those macroeconomic movements can have multiple effects on fintech companies.

Firstly, they increase both their costs of doing business and the cost of debts. Higher inflation and rates also put pressure on consumers, who in turn often reduce spending.

On top of that, rising inflation commonly impacts the valuation of fintechs – and tech stocks in general.

Many tech stocks’ valuations are based on assumed future cash flows. Therefore, inflation and interest rate hikes can pose greater risks to tech stocks.

And of course, some of these tech names pushed through a number of shakeups in FY22.

Most notably was Afterpay’s delisting and Block’s entrance to the ASX. The latter snapped up the former market darling in an all-scrip deal, finalised in early February.

In addition, Hub24 acquired formerly ASX-listed Class. Meantime, the Tyro share price tumbled when its CEO jumped ship in FY22.

The post FY22 was a lousy period for ASX fintech shares. Here’s why appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Inc., EML Payments, Hub24 Ltd, Netwealth, and Tyro Payments. The Motley Fool Australia has positions in and has recommended Block, Inc., EML Payments, Hub24 Ltd, and Netwealth. The Motley Fool Australia has recommended Tyro Payments. 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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It’s been another incredibly bumpy ride for the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday. At the time of writing, the ASX 200 index is up by just 0.01% at slightly over 6,600 points. 

But rather than trying to figure all of that out, let’s instead check out the shares that are currently topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Tabcorp Holdings Limited (ASX: TAH)

Our first share to take a glance at today is ASX 200 gaming company Tabcorp. So far this Wednesday, a hefty 14.57 million Tabcorp shares have changed owners. This one is rather hard to explain. There hasn’t been any fresh news out from the company itself.

So we can probably pin this elevated trading volume on the gyrations of the Tabcorp share price itself. So far today, Tabcorp shares have swung from losses to gains and back to losses again, alongside the broader market. As it currently stands, the gaming company is down by 0.5% at $1 a share.

South32 Ltd (ASX: S32)

Next up we have none other than diversified ASX 200 mining company South32. South32 has seen a notable 16.1 million shares bought and sold on the markets today.

This appears to be the result of the company’s substantial backwards step we are witnessing. South32 has lost 1.7% of its value today and is back down to $3.49 a share. It’s probably this noticeable drop that has elicited so many shares to bounce around the ASX this Wednesday.

Pilbara Minerals Ltd (ASX: PLS)

Our third, final and most traded is ASX 200 lithium stock Pilbara Minerals. In PIlbara’s case, we have a sizeable 16.71 million shares that have changed hands as it currently stands. We haven’t had any news out of Pilbara either.

However, this company has had a shot in the arm when it comes to its share price, which is the likely cause of this volume. Pilbara shares have rocketed a pleasing 4.91% so far this Wednesday to $2.35.

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

• Why has the Aristocrat share price increased 17% in two months?
• ASX 200 midday update: ANZ confirms MYOB talks, energy shares fall
• South32 share price backtracks amid sale of royalties
• 5 things to watch on the ASX 200 on Wednesday
• What are experts predicting will be the best-performing ASX sectors in FY23?

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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