Here are 3 ASX 200 shares flying around the markets today

Which ASX 200 share is topping ASX trading volumes today?
The post Here are 3 ASX 200 shares flying around the markets today appeared first on The Motley Fool Australia. –

The S&P/ASX 200 Index (ASX: XJO) is having a pretty decent day today. At the time of writing, the ASX 200 is up 1.04% to 7,384 points.

But let’s now take a deep dive into the ASX 200 shares that are flying around the share market today in terms of trading volume:

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco Telstra is our first share to check out today. So far this Thursday, a substantial 10.52 million Telstra shares have traded hands.

This is despite an absence of major official news or announcements out of the telco. Saying that, the Telstra share price is up a robust 1.21% today to $3.77 a share after opening at $3.73 this morning and going as high as $3.78 this afternoon.

Telstra is a very large ASX company with a relatively low share price. This means that even a slight move up (or down) can propel Telstra to the top of the trading volume pile very easily. This might be what we are seeing today.

Zip Co Ltd (ASX: Z1P)

Buy now, pay later (BNPL) company Zip Co is our next ASX 200 share to check out today. And boy, have Zip shares had a day to remember. The company is currently down a nasty 7.12% to $7.04 a share after posting a quarterly update this morning.

Even though Zip reported revenue growth of 104% and transaction volume growth of 116% for the fourth quarter of FY21, investors were evidently unimpressed. It’s this slide in Zip Co shares that is probably behind the 26.10 million Zip shares which have found new homes today.

Pilbara Minerals Ltd (ASX: PLS)

As yours truly covered earlier today, lithium producer Pilbara is the most traded ASX 200 share this Thursday, with a whopping 26.31 million shares trading on the markets so far.

It seems that a positive update from Pilbara’s fellow lithium producer Galaxy Resources Limited (ASX: GXY) is sparking a huge inflow into the lithium space today. Pilbara shares are currently up a hefty 9.28% today to a new all-time high of $1.69 a share.

It’s this rise that is likely to be behind the huge surge in trading volume we are seeing. Pilbara Minerals is now up almost 93% year to date.

The post Here are 3 ASX 200 shares flying around the markets today appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

Why Kogan, Service Stream, Whispir, & Zip shares are sinking

Zip (ASX:Z1P) share price down 7% despite crypto plans and positive outlook
Top brokers name 3 ASX shares to sell today

Why the Pilbara Minerals (ASX:PLS) share price is up 9% this Thursday
ASX 200 midday update: Zip update disappoints, BHP signs Tesla deal

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ZIPCOLTD FPO. The Motley Fool Australia owns shares of 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 Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!