We take a look at the most active ASX 200 shares by volume…
The post Here are the 3 heaviest traded ASX 200 shares this Tuesday so far appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) is finally giving investors some relief today with a positive session thus far. At the time of writing, the ASX 200 is up a healthy 0.61% at 7,289 points.
So let’s dig a little deeper and check out the ASX 200 shares currently topping the ASX volume charts today, according to investing.com.
3 most active ASX 200 shares by volume on Tuesday
South32 Ltd (ASX: S32)
Diversified ASX 200 miner South32 is the first share experiencing elevated trading volumes today. So far this Tuesday, a hefty 10.57 million South32 shares have changed hands. There has been no official news or announcements out of the company so far. So we can probably put this volume down to the nasty fall the company’s shares have endured today.
South32 is currently down 1.35% at $3.65 a share, defying the positive sentiment of the broader market. Together with this miner’s ongoing share buyback program, and we have the likely reason why South32 makes this list today.
Zip Co Ltd (ASX: Z1P)
Buy now, pay later (BNPL) share Zip is next up this Tuesday. This ASX 200 company has seen a sizeable 12.24 million shares swap owners as it currently stands. We don’t have to look too far for this one. This high volume is the likely result of the pleasing 7.83% jump to $4.68 a share that Zip Co has enjoyed today.
As we covered this morning, this jump comes after the company delivered a performance update for November today. Zip told the markets that its annualised transaction volume hit $10 billion over last month. Evidently, investors were impressed.
Telstra Corporation Ltd (ASX: TLS)
Telstra is our final and most traded ASX 200 share this Tuesday so far. The telco has seen 13.7 million of its shares bought and sold at this stage of the trading day. Unlike Zip, we can’t point to anything concrete to explain this move. The Telstra share price is currently up by 0.12% at $4.02 a share. However, it rose as high as $4.05 this morning before cooling off at its current level. It’s this volatility that might be behind this elevated trading volume we are seeing.
The post Here are the 3 heaviest traded ASX 200 shares this Tuesday so far appeared first on The Motley Fool Australia.
Should you invest $1,000 in Telstra right now?
Before you consider Telstra, you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Telstra wasn’t one of them.
The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
*Returns as of August 16th 2021
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.