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The Coles Group Ltd (ASX: COL) share price finished in the red today, despite electric vehicle (EV) news.

Coles shares fell 2.19% in today’s trade to $18.32. For perspective, the S&P/ASX 200 Index (ASX: XJO) closed also closed 0.78% lower today.

Let’s take a look at what is happening at Coles.

Coles share price falls

The Coles share price dropped today but it was not the only supermarket giant to fall. The Woolworths Group Ltd (ASX: WOW) share price also fell 2.34%, as did the S&P/ASX 200 Consumer Staples Index (ASX: XSJ), slipping 1.87%.

In today’s news, Coles has revealed it will introduce an electric truck to deliver products to New South Wales supermarkets.

This is part of a trial with Linfox Logistic, a transport partner working with Coles. Coles head of transport safety and sustainability David Clark said:

Coles’ first electric truck is a big step to introducing alternate fuel technologies to our supply chain, and we are excited about the opportunity to see more electric vehicles delivering groceries to our distribution centres and supermarkets in the future.

We will continue to work tirelessly toward our Together to Zero sustainability ambitions, with hopes to one day introduce electric vehicles to support home delivery, as customers look to live and shop sustainably.

The initiative will reduce the company’s carbon dioxide emissions by more than 60 tonnes.

It seemed ASX shares were suffering today amid rising inflation. The inflation rate has just hit 5.1%, Australian Bureau of Statistics (ABS) figures revealed today. This is its highest level in 20 years.

Coles share price snapshot

The Coles share price has surged nearly 17% in the past 12 months while it is up 2% this year to date.

By comparison, the benchmark ASX 200 index has returned about 3% in the past year.

Coles has a market capitalisation of about $24.5 billion based on the current share price.

The post Green delivery milestone fails to electrify Coles share price appeared first on The Motley Fool Australia.

More reading

• Own the Vanguard Australian Shares High Yield ETF? Here’s what you’re invested in
• Why is the Coles share price in the green today?
• Analysts name 2 ASX dividend shares to buy now
• 2 strong ASX 200 dividend shares analysts love
• Why is the Coles share price slipping today?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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ASX energy shares have posted strong gains so far in 2022 amid surging energy prices and a now two-year-long commodity boom.

Investors have flocked to energy stocks this year in the wake of rising inflation, both caused by and the result of rising commodity prices.

As the debate surrounding renewable energy transition continues, market and industry pundits argue we must pay close attention to the ripple effects of such far-reaching decisions.

How could the election influence things?

As the deadline for Australia’s next federal election looms, the question of government policy is on investors’ minds.

Depending on the outcome, a Labor or Coalition government could potentially oversee different results for the energy industry.

Reports in the Murdoch press suggest Labor may consider additional taxes on carbon polluters.

Such a move could have a direct impact on resources giants such as Whitehaven Coal Ltd (ASX: WHC) and Woodside Petroleum Ltd (ASX: WPL).

However, Labor has outlined its energy policy to reduce carbon emissions by 43% by 2030 as part of the “global energy transition”. It does not include mention of additional taxes on carbon producers.

The need to tread carefully

Speaking at an Australian Superannuation conference today, Macquarie Group Ltd (ASX: MQG) CEO Shemara Wikramanayake shared her perspective on the issue.

“We have to think about how we do this balanced transition. People need energy and if we end up creating energy scarcity, we could lose the mandate for the transition,” Ms Wikramanayake said, cited by The Australian.

The coal industry is very profitable but it is going to run off. The people of Newcastle, the people of Australia need new industries, and we need new reskilling for jobs.

Let‘s not go so fast that we blow up the mandate to do this, because without the solutions we can’t switch. We can’t just shut off all the energy and go back to living like cave people.

With energy prices surging, all eyes have been on utilities players this year and their returns have certainly matched the sentiment.

Energy giant Origin Energy Ltd (ASX: ORG) shares have gained 26% this year to date whilst fellow player Santos Ltd (ASX: STO) has jumped 25% as well.

The post How might the election outcome impact the outlook for ASX energy shares? appeared first on The Motley Fool Australia.

More reading

• Why is the Whitehaven share price accelerating 6% today
• Why is the Macquarie share price getting hammered today?
• Broker says Santos share price could storm 27% higher
• Here’s why the Woodside share price is beating the ASX 200 today
• Own the Vanguard Australian Shares High Yield ETF? Here’s what you’re invested in

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 recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Appen Ltd (ASX: APX) share price is plunging amid a broader sell-off in the company’s sector.

At the time of writing, the Appen share price is $6.43, 4.46% lower than its previous close.

For context, the All Ordinaries Index (ASX: XAO) and S&P/ASX 200 Index (ASX: XJO) are 0.85% and 0.89% lower respectively right now.

Meanwhile, the tech sector is struggling. Let’s take a closer look at how the provider of artificial intelligence data and its peers are performing on Wednesday.

What’s going on with the Appen share price?

The Appen share price is suffering on Wednesday, alongside its peers on the ASX 200.

Right now, the S&P/ASX 200 Information Technology Index (ASX: XIJ) is falling 2.47%, making it the market’s worst performing sector.

The drop is being led by the Life360 Inc (ASX: 360) share price. It’s dumping 25.66% on the back of its quarterly results.

The share price of Block Inc (ASX: SQ2) is also suffering today, slipping 6% at the time of writing.

In fact, the Compershare Limited (ASX: CPU) share price is in the only ASX 200 tech stock trading in the green. It’s up 0.08% right now.

It’s not such a blood bath on the S&P/ASX All Technology Index (ASX: XTX). Though, the index has slipped 1.75%.

The sector’s struggles follow a devastating session on the tech heavy Nasdaq Index overnight (Australia time). The Nasdaq-100 plunged 3.87% in Tuesday’s session overseas.

The Appen share price is currently 42% lower than it was at the start of 2022. It has also dropped 57% since this time last year.

The post Appen share price tumbles 4% amid ASX tech sell-off appeared first on The Motley Fool Australia.

More reading

• Why Appen, Block, Life360, and Northern Star shares are dropping
• 3 beaten-up ASX All Ordinaries shares that surged higher today
• Have ASX tech shares finally reached the bottom?
• Appen shares may be at a 5-year low, but their dividend yield has never been higher
• Why did the Appen share price rise by a strong 5% today?

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. owns and has recommended Appen Ltd, Block, Inc., and Life360, Inc. The Motley Fool Australia owns and has recommended Block, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX All Ordinaries Index (ASX: XAO) is down 0.85% in late afternoon trading at 7,539 points. A bunch of ASX shares are falling with the benchmark to hit new 52-week lows — which begs the question, is this opportunity knocking?

We profile three of these ASX shares below.

Bigtincan Holdings Ltd (ASX: BTH) 

The first ASX share to look at is enterprise mobility software provider, Bigtincan. It’s trading at 63 cents on Wednesday afternoon — down 7.34% — and hit a new 52-week low of 61 cents earlier. We haven’t heard any price-sensitive news from Bigtincan since 25 February when it released a very pleasing half-year report. Revenue hit a record $45.9 million — up 142% on the prior corresponding period (pcp). Annualised recurring revenue (ARR) was $112 million — up 132%. Plus, the company turned its adjusted EBITDA around to $1.2 million in the green compared to $3.6 million in the red in the prior period. Bigtincan CEO David Keane described 1H FY22 as a “transformational period”, particularly due to the Brainshark acquisition. All sounds very positive, right? Well, get this. The stock has tumbled by 23% since that report was released. Is this a classic buying the dip opportunity? For perspective, the 52-week high is $1.53.

Marley Spoon AG (ASX: MMM)

You might remember when ASX share Marley Spoon was among the most spectacular COVID-19 winners. Of course it was — those home-delivered meal packages came in very handy during the lockdowns. The Marley Spoon share price flew during the first six months of the pandemic. It went up a remarkable 1,024% from 29 cents to around $3.20 between mid-February and mid-August 2020. Yep, no kidding. The All Ords fell 13.3% over the same period. But as society has gotten a handle on the virus, the share prices of some of the pandemic winners have returned to Earth. The Marley Spoon share price has been dwindling downwards since July 2021. This morning it hit a 52-week low of 38 cents. It later rebounded to 41 cents — a healthy daily gain of 7.89%.

Megaport Ltd (ASX: MP1)

Megaport is down 0.11% at the time of writing to trade at $8.90. Earlier it dipped to $8.55, which was a new 52-week low for the ASX tech share. A recent quarterly update disappointed ASX investors, with the Megaport share price dipping 18% on the day it was released. But this might be an opportunity, according to Goldman Sachs. The broker continues to rate the network-as-a-service (NaaS) provider a buy. However, it has cut its price target for Megaport shares to $13.10. Goldman believes “the long term opportunity for MP1 is unchanged.” Megaport’s 52-week high is $22.

The post Is this opportunity knocking? 3 ASX shares hitting 52-week lows today appeared first on The Motley Fool Australia.

More reading

• 3 ASX All Ordinaries shares leaping 5% or more on Wednesday
• 48% fall: Fund names 3 ASX shares to take off after heavy crash
• Top broker tips Megaport share price to rebound 45%
• 5 things to watch on the ASX 200 on Tuesday
• Brokers name 2 ASX shares to buy after the tech selloff

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended BIGTINCAN FPO, Goldman Sachs, MEGAPORT FPO, and Marley Spoon AG. The Motley Fool Australia owns and has recommended BIGTINCAN FPO. The Motley Fool Australia has recommended MEGAPORT FPO and Marley Spoon AG. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is on course to record another decline. In afternoon trade, the benchmark index is down 0.9% to 7,253.6 points.

Four ASX shares that are falling more than most are listed below. Here’s why they are dropping:

Appen Ltd (ASX: APX)

The Appen share price is down 4.5% to $6.43. This follows broad weakness in the tech sector on Wednesday. For example, at the time of writing, the S&P/ASX All Technology Index is down a sizeable 1.8%. Investors have been selling tech shares following a very poor night on the tech-focused Nasdaq index.

Block Inc (ASX: SQ2)

The Block share price has sunk 6% to $139.97. This mirrors a similar decline by the payments company’s NYSE listed shares overnight. As with Appen, investors were selling Block’s shares amid significant weakness in the tech sector. This was driven by investors dumping equities on fears of an economic slowdown.

Life360 Inc (ASX: 360)

The Life360 share price has crashed 27% lower to $3.92. This was despite the location technology company’s quarterly update revealing a 129% increase in revenue to US$52.7 million and a 73% jump in annualised monthly revenue to US$166.1 million. News that the company is scrapping its US dual listing plans could be having a negative impact on its shares. This appears to have sparked fears that a capital raising will be soon required.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is down 5% to $9.69. Investors have been selling this gold miner’s shares following the release of a disappointing quarterly update. According to the release, the gold miner has increased its costs guidance for FY 2022 due to issues at the Pogo operation. Northern Star now expects its all-in sustaining costs (AISC) to be between A$1,600 and A$1,640. This is up from its previous guidance of A$1,475 to A$1,575 per ounce.

The post Why Appen, Block, Life360, and Northern Star shares are dropping appeared first on The Motley Fool Australia.

More reading

• Appen share price tumbles 4% amid ASX tech sell-off
• Why aren’t ASX gold shares performing better in these uncertain times?
• Why is the Block share price slipping 6% today?
• ASX 200 midday update: Coronado has record quarter, Life360 and Northern Star sink
• Life360 share price tumbles 18% as cash reserves get chewed up

Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Appen Ltd, Block, Inc., and Life360, Inc. The Motley Fool Australia owns and has recommended Block, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) has always been dominated by large Australian companies that most of us would have at least heard of. Since the ASX 200 is an index that is weighted using market capitalisation, its top shares are also the largest companies.

But let’s take a look at how the ASX 200’s current top dogs were faring at the turn of the millennium. 2000 is starting to feel like a long time ago, so it will be interesting to see how the ASX 200’s top shares were looking back then.

So let’s start with the current top five shares of the ASX 200 Index.

They are as follows:

1. BHP Group Ltd (ASX: BHP)
2. Commonwealth Bank of Australia (ASX: CBA)
3. CSL Limited (ASX: CSL)
4. National Australia Bank Ltd. (ASX: NAB)
5. Westpac Banking Corp (ASX: WBC)

So some familiar household names there. Perhaps amazingly (or not), all five of these companies were also listed back in 2000. There are no Meta Platforms Inc (NASDAQ: FB) or Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL)-style players that have come from nothing to claim a top spot here.

Does the ASX 200 song remain the same?

So let’s start with BHP. This ming giant has been around longer than Australia has been a country. But back in April 2000, the ‘Big Australian’ was going for just over $7.40 a share. That’s a far cry (and a lot of dividends) away from the current share price of $46 that we see today. BHP has also spun-off South32 Ltd (ASX: S32) since then as well, so add the value of those shares to the pile.

CBA is another ASX stalwart. In saying that, the banking giant actually used to be a government-owned company, so it doesn’t have the same corporate bona fides as BHP. But CBA shares were on the ASX by 2000. April of that year saw Commonwealth Bank shares command a share price of $23.70. Interestingly, CBA got close to those levels again during the global financial crisis in 2008, but hasn’t looked back since. Today, the bank is well over $100 a share and is going for $102.94 at the time of writing.

CSL is another ASX 200 share that used to be a government-owned entity. In this case, CSL comes from ‘Commonwealth Serum Laboratories’. But CSL has been a public company for decades now and was indeed well-established on the ASX back in 2000. However, this is the company that has without question experienced the most dramatic ramp up in value over the past 22 years. Back in April 200, you could buy one CSL share for just $6.70. Today, those same shares are currently worth $266.47 each.

What about NAB and Westpac?

Our last two shares to check out are two more members of the famous big four in NAB and Westpac. These two companies might surprise with their performance. In NAB’s case, we saw a share price of $22.47 in April 2000, not too far off of the $32 levels we see today. You only have to go back to December 2020 to find a time where you could get NAB shares at a similar pricing point.

In Westpac’s case, we have a bit of a starker contrast. April 2000 saw this ASX 200 bank at a price of $10.63. Since the bank is asking $23.48 at the time of writing, there has been some more appreciation here.

So that’s how these five ASX 200 stalwarts were looking 22 years ago. Some have given more lucrative returns than others, to be sure. So who knows where they’ll all be in another 22 years. Check back in with the Fool in 2044 to find out!

The post Here’s what the 5 biggest companies on the ASX 200 today were worth in 2000 appeared first on The Motley Fool Australia.

More reading

• ASX 200 shares trim losses despite surging inflation news
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• 3 ASX 200 mining shares defying today’s sell-off to surge higher
• Why is the EML share price tumbling again today?
• ASX 200 midday update: Coronado has record quarter, Life360 and Northern Star sink

Motley Fool contributor Sebastian Bowen owns National Australia Bank Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. 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 Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) multi-day dip appears to be softening on Wednesday, despite Australia’s inflation rate recording its biggest quarterly jump in more than two decades.

The latest consumer price index (CPI) data, released today, shows the nation’s inflation rate has risen 5.1% over the last 12 months.

The finding has likely heightened concerns the Reserve Bank of Australia (RBA) could increase interest rates when it meets on Tuesday.

Interestingly, the news hasn’t outwardly impacted sentiment on the market. At the time of writing, the ASX 200 is sporting a 0.67% dip.

That sees it at its lowest point in more than a month, compressed by what’s now a three-day losing streak.

ASX 200 shares slip slightly amid major inflation jump

ASX 200 shares are recovering from this morning’s tumble after what could have been a devastating blow on Wednesday.

The Australian Bureau of Statistics (ABS) released its latest CPI data today. It found inflation rose 2.1% last quarter, bringing its annual increase to 5.1%.

“The CPI recorded its largest quarterly and annual rises since the introduction of the goods and services tax [in 2000],” said ABS head of prices statistics Michelle Marquardt.

Underlying inflation also increased 1.4% last quarter and 3.7% over the last year – reaching its highest level since 2009.

The biggest drivers of inflation last quarter were new dwellings, higher education, and fuel.

Shortages in building supplies and labour, higher freight costs, and waning federal and state government support paired with ongoing demand boosted the cost of building 5.7% last quarter.

The cost of tertiary education increased 11%, reflecting last year’s update to student contribution bands and fees.

The CPI’s fuel series reached another record level, rising 6.3%, with prices rising every month of the March quarter, according to Marquardt.

The rising cost of food – which increased 2.8% last quarter – didn’t help Australians’ back pockets, as COVID-19 disruptions and weather events took their toll on transport, fertiliser, packaging, and ingredients.

Australians might have also noticed their supermarket spend increase by 4% last quarter. The price of vegetables rose 6.6%, the cost of fruit increased 4.9%, and beef prices surged 7.6%.

Is a rate hike on the cards?

The ASX 200 big four banking shares are predicting interest rates will rise from June. The RBA interest rate is currently at an all-time low of 0.1%.

Westpac Banking Corp (ASX: WBC) is the loudest to herald a rate rise.

It’s predicting the RBA will up the cash rate by 40 basis points in June, according to RateCity. The bank also thinks the rate will reach 2% by June 2023.

Australia and New Zealand Banking Group Ltd (ASX: ANZ) predicts the cash rate will reach that same level. Though, it’s not expecting it until November 2023.

Meanwhile, Commonwealth Bank of Australia (ASX: CBA) is predicting it will reach 1.25% by next February.

Finally, National Australia Bank Ltd (ASX: NAB) expects the cash rate to rise to 2.25% by August 2023, reports RateCity.

The post ASX 200 shares trim losses despite surging inflation news appeared first on The Motley Fool Australia.

More reading

• Here’s what the 5 biggest companies on the ASX 200 today were worth in 2000
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why is the EML share price tumbling again today?
• ASX 200 midday update: Coronado has record quarter, Life360 and Northern Star sink
• Down 5% in 2022, is the Telstra share price a buy today?

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 Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Whitehaven Coal Ltd (ASX: WHC) share price is pushing higher in mid-afternoon trade.

Last Wednesday, the coal miner released its March quarterly report which excited the market. This led the company’s shares to reach a 52-week high of $4.94 that day.

While Whitehaven shares have slightly retraced, they are up 6.14% to $4.67 at the time of writing.

Let’s take a closer look at what could be driving these gains today.

Whitehaven shares on the rise

With no market-sensitive news out of the company since its production report, it appears investors are reacting on a series of broker notes.

Goldman Sachs remains confident on Whitehaven shares, despite cutting its 12-month price target by 1.9% to $5.20. This represents a potential upside of around 11% based on the current share price.

Its analysts believe the miner’s shares are a buy as it is well-placed to benefit from the strong coal prices.

The broker acknowledged the already tight global coal markets which have the potential to be further impacted. It said that the Russia-Ukraine war is putting Russian coal exports at risk based on possible sanctions by European & Asian utilities and steel mills.

In addition, Morgans had a similar view with Goldman Sachs, raising its rating of Whitehaven shares by 2.7% to $5.24.

However, the most bullish broker note came from Ord Minnett, which lifted the company’s shares by 30% to $6 apiece. According to their estimates, this implies an upside of 28% from where the Whitehaven share price trades today.

Whitehaven share price summary

In the past 12 months, Whitehaven shares have surged 270%, with year-to-date gains closing in on 80%.

Whitehaven commands a market capitalisation of roughly $4.74 billion, making it the 103rd largest company on the ASX.

The post Why is the Whitehaven share price accelerating 6% today appeared first on The Motley Fool Australia.

More reading

• Own ASX 200 energy shares? Here’s why Morgan Stanley says the oil price is set to surge
• Why are some ASX coal shares flaming out today?
• Why Alliance Aviation, Life360, Ramsay Health Care, and Whitehaven Coal are racing higher
• Coal hard cash: Here’s why the Whitehaven share price just hit a multi-year high
• Goldman Sachs names 3 ASX 200 mining shares to buy today

Motley Fool contributor Aaron Teboneras 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 Bruce Jackson.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another decline. At the time of writing, the benchmark index is down 0.75% to 7,264.1 points.

Four ASX shares that have not let that hold them back are listed below. Here’s why they are charging higher:

City Chic Collective Ltd (ASX: CCX)

The City Chic share price is up 4.5% to $2.72. This follows the release of a second half trading update. According to the release, as of 24 April, the plus sized fashion retailer’s second half sales were up 25% year on year. This builds on its first half sales growth of 46%.

Coronado Global Resources Inc (ASX: CRN)

The Coronado share price is up 3% to $2.21. Investors have been buying this coal miner’s shares following the release of its quarterly update. Thanks to a sky high coal price, Coronado reported record quarterly revenue of $947 million. This was up materially year on year and 22.3% on the previous record of US$775 million, which was recorded in the prior quarter.

South32 Ltd (ASX: S32)

The South32 share price is up almost 3.5% to $4.61. This appears to have been driven by a positive response to the mining giant’s quarterly update by a number of brokers. These include Citi and Goldman Sachs, which have both retained buy ratings on South32’s shares. Citi has a $5.50 price target, whereas Goldman has a $5.70 price target.

Syrah Resources Ltd (ASX: SYR)

The Syrah share price has jumped 11% to $1.82. The catalyst for this was the graphite producer’s quarterly update. Syrah revealed strong demand for its Balama natural graphite from the electric vehicle market. Management also reported an increase in its weighted average sales price to US$573 per tonne (CIF). This compares to Balama C1 cash costs of US$464 per tonne.

The post Why City Chic, Coronado, South32, and Syrah shares are charging higher appeared first on The Motley Fool Australia.

More reading

• 3 ASX All Ordinaries shares leaping 5% or more on Wednesday
• Top brokers name 3 ASX shares to buy today
• Coronado share price brings the energy amid the best quarter in its history
• ASX 200 midday update: Coronado has record quarter, Life360 and Northern Star sink
• Own the Vanguard Australian Shares High Yield ETF? Here’s what you’re invested in

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 Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is backing up yesterday’s savage selloff with another day in the red so far this Wednesday. At the time of writing, the ASX 200 has fallen by another 0.74% and is now at just under 7,270 points.

But rather than letting that get us down, let’s instead take a look at the ASX 200 shares currently topping the market’s share volume charts, according to investing.com.

The 3 most-traded ASX 200 shares by volume this Wednesday

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium producer Pilbara Minerals is our first company to take a look at today. So far, a notable 26.18 million Pilbara shares have been bought and sold on the markets. This elevated volume doesn’t seem to be a result of anything out of the company itself. So we can assume that it is the movements of the Pilbara share price itself that is the root cause here. Pilbara has had a dreary day of trading this Wednesday. It’s currently down by 2.44% at $2.60 a share.

AVZ Minerals Ltd (ASX: AVZ)

Another ASX 200 lithium share is next up with AVZ Minerals. We have seen a sizeable 26.72 million AVZ shares change hands on the markets as it currently stands. Again, there are no major developments out of the company itself, so it seems like we have another share price movement to thank for this high trading volume. And lo and behold, the AVZ share price has indeed made a big move today. The company is currently down by a nasty 4.72% at $1.01 a share right now.

Liontown Resources Ltd (ASX: LTR)

Our final and most traded share of the day is none other than a fellow ASX 200 lithium stock in Liontown Resources. So far today, a whopping 27.39 million Liontown shares have found a new home on the ASX. Once more, it appears as though Liontown’s share price fall is to thank for this elevated volume. The company hasn’t suffered as much as AVZ. But the Liontown share price is still underwater by 2.4% so far today at $1.41 a share. 

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

More reading

• Why is the EML share price tumbling again today?
• ASX 200 midday update: Coronado has record quarter, Life360 and Northern Star sink
• Down 5% in 2022, is the Telstra share price a buy today?
• 2 ASX 200 blue chip shares to buy in May: Analysts
• 5 things to watch on the ASX 200 on Wednesday

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 Bruce Jackson.

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