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

Which ASX 200 share was the most heavily traded today? Let’s take a look
The post Here are 3 of the ASX 200’s most heavily traded shares on Tuesday appeared first on The Motley Fool Australia. –

The S&P/ASX 200 Index (ASX: XJO) is having a pretty depressing day today. At the time of writing, the ASX 200 is down 0.38% to 7,258 points.

But let’s not wallow in our grief and instead check out some of the most actively traded ASX 200 shares today.

3 of the ASX 200’s most heavily traded shares today

Pilbara Minerals Ltd (ASX: PLS)

Lithium miner Pilbara Minerals is our first ASX 200  share worth checking out today. So far this Tuesday, a substantial 12.76 million shares have traded hands. This might be a consequence of the nasty fall Pilbara shares have taken today.

The Pilbara share price is currently down a hefty 2.68% to $1.45 a share after opening at $1.44 and rising as high as $1.50 earlier this morning.

It’s probably this volatility that is behind such a large number of shares being traded today. Even after today’s fall, Pilbara isn’t too far away from the company’s 52-week high of $1.60.

Telstra Corporation Ltd (ASX: TLS)

From PLS to TLS. ASX 200 telco Telstra is our second share today. So far, a substantial 15.75 million Telstra shares have changed hands today.

Just like Pilbara, there has been no major news or announcements out of the telco, so it’s likely that this high volume is the result of the Telstra share price performance today.

So far, Telstra has lost 0.93% this Tuesday, and is down to $3.72 a share. Even so, Telstra remains up 23% year to date.

Oil Search Ltd (ASX: OSH)

The title of our most traded ASX 200 share today goes to ASX energy company Oil Search. This oil driller has had a fantastic day, in contrast to the broader market.

At the time of writing, Oil Search shares are up a hefty 6.8% to $3.92 a share. This has elicited a whopping 30.85 million Oil Search shares to change owners today.

This big jump can be attributed to the news that was revealed this morning. Fellow energy company Santos Ltd (ASX: STO) put forward a confidential all-scrip merger proposal to Oil Search which would have seen Oil Search shareholders gain 0.589 in Santos shares for each Oil Search share owned.

Oil Search has rejected this offer, saying it did not offer compelling value for shareholders. Even so, investors are clearly still excited for what the future might bring.

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

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More reading

Lockdowns hurt, ASX falls, Wesfarmers climbs, and the Aussie set to fall? Scott Phillips on Nine’s Late News

Oil Search (ASX:OSH) share price jumps 6% after rejecting takeover bid
ANZ’s (ASX:ANZ) $1.5bn buyback puts other ASX 200 banks under capital return spotlight
ASX 200 midday update: Oil Search rejects Santos merger proposal, Afterpay rolls out Money app

Is this the beginning of a market crash for ASX shares? Experts say fear not

Motley Fool contributor Sebastian Bowen owns shares of 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 has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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