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) has shaken off yesterday’s woes and is currently in the green thus far this Tuesday. At the time of writing, the ASX 200 is up by 0.8% at 7,412 points.
So let’s dive a little deeper and check out the ASX 200 shares that are currently topping the ASX trading volume charts so far today, according to investing.com.
3 most active ASX 200 shares by volume on Tuesday
Telstra Corporation Ltd (ASX: TLS)
The first ASX 200 share experiencing elevated trading volume today is the blue-chip telco Telstra. A hefty 10.95 million TLS shares have swapped hands so far this Tuesday. There isn’t much in the way of news or announcements out of Telstra today.
However, the Telstra share price has enjoyed a very pleasing day of trading so far. It’s up 0.49% and is sitting at $4.08 a share after hitting a new 52-week high of $4.09 earlier this morning. It’s these new highs that are probably responsible for this trading volume, perhaps in conjunction with Telstra’s ongoing share buybacks.
Fortescue Metals Group Limited (ASX: FMG)
Here we have another ASX 200 blue chip in the giant iron ore miner Fortescue. A sizeable 14.77 million Fortescue shares have found new owners so far today. Again, there is no major news out of the company to speak of.
However, as my Fool colleague Bernd covered this afternoon, Fortescue shares are exploding higher today, likely on the back of rising iron ore prices. Fortescue is currently up a pleasing 9.75% so far to $17.34 a share. This huge surge is almost certainly behind this elevated trading volume.
Pilbara Minerals Ltd (ASX: PLS)
Our final and most traded ASX 200 share thus far today is none other than lithium producer Pilbara Minerals. There have been a tremendous 22.01 million Pilbara shares bought and sold. This can likely be placed at the feet of the announcement Pilbara made this morning.
This covered an agreement Pilbara has inked with its lenders to secure an increase in its debt facilities. Perhaps in response, the Pilbara share price is up 4.84% so far today at $2.60 a share, a new all-time high for this ASX 200 lithium share. It’s this combination that is probably behind so many Pilbara shares flying around the markets today.
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 Pilbara Minerals right now?
Before you consider Pilbara Minerals, 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 Pilbara Minerals 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. 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.