Which ASX 200 share was the most popular today with investors?
The post Here are 3 ASX 200 share investors can’t leave alone today appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) is having a rather dour start to the trading week this Monday. At market close, the ASX 200 is down 0.61% to 7,583 points. But let’s check out which ASX 200 shares are exciting investors the most today, measured by raw trading volume:
3 ASX 200 shares investors can’t leave alone this Monday
A2 Milk Company Ltd (ASX: A2M)
A2 Milk is our first ASX 200 share to check out today. And what a day it has been for A2 Milk shares. The company finished the day up a whopping 12.08% to $6.68 a share after going as high as $6.84 this morning. This sharp move upwards has seemingly been sparked by takeover speculation. Specifically, there are rumours that global food and drinks giant Nestle might be looking at A2 as a potential takeover target. Almost certainly as a result of this big move upwards, this Monday has seen 18.79 million A2M shares change hands.
Telstra Corporation Ltd (ASX: TLS)
A frequenter of this list, ASX 200 telco Telstra is our next share to look at today. A substantial 24.31 million Telstra shares have made their way across the ASX boards today. Given there is no major news or announcements from the company, this might be the result of what we’ve seen in the Telstra share price today.
After initially climbing above the $4 a share mark earlier today, Telstra has since given up all of its gains and finished the day down 0.51% to $3.94 a share. Since Telstra is a relatively large company with a relatively low share price, it’s probably this volatility that is causing such a large volume of trading today.
Beach Energy Ltd (ASX: BPT)
And last but certainly not least in terms of trading volume, we have oil company Beach Energy. A hefty 40.99 million Beach shares have changed hands today. Again, this seems to be in response to a big share price move we saw today. But unfortunately for shareholders, it’s in the opposite direction to A2 Milk.
The Beach share price is currently down a nasty 9.92% to $1.09 a share. This follows the company’s FY2021 earnings report which was delivered this morning. As my Fool colleague Brooke comprehensively covered earlier, Beach delivered a 36% fall in underlying profits, with production levels 4% below that of FY2020.
The post Here are 3 ASX 200 share investors can’t leave alone today appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen owns shares of A2 Milk and 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 owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.