We take a look at the most traded ASX 200 shares by volume today.
The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia. –
It’s another day, another fall for the S&P/ASX 200 Index (ASX: XJO) so far this Tuesday. The ASX 200 is currently down by another depressing 1.12% and is hovering at just over 7,040 points at the time of writing.
But let’s not let that get us down. Instead, let’s check out the shares that are presently topping the ASX 200’s trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Tuesday
South32 Ltd (ASX: S32)
Diversified ASX 200 mining giant South32 is our first share worth checking out today. So far this Tuesday, a hefty 19.8 million South32 shares have been flicked around the markets.
There has been no major news or announcements out of the miner so far today, save for a routine share buyback notice. So it’s probably the company’s ongoing buybacks, as well as the steep 3.5% drop South32 shares have suffered through today, that is responsible for this trading volume we see.
Tabcorp Holdings Limited (ASX: TAH)
A rare appearance by ASX 200 gaming company Tabcorp is next up to have a look at. As it currently stands, a sizeable 21.26 million Tabcorp shares have changed hands. Again, we have no major news out of Tabcorp today. Not even a share buyback notice.
Thus, we can likely attribute this high volume to the pricing movements of the company’s shares. The Tabcorp share price has not escaped from today’s sell-off and is currently down 1.4% at $5.03. That means Tabcorp has now lost close to 5% of its value over the past five trading days.
Pilbara Minerals Ltd (ASX: PLS)
Rounding out our list today is the ASX 200 lithium stock Pilbara Minerals. Pilbara has seen a whopping 31.18 million of its shares bought and sold on the markets thus far this Tuesday. Again, it seems we have a share price move to thank for this high volume, and again, it’s a move in the red. Pilbara has lost a further 1.76% of its value so far today, and is now back at $2.52 a share. That puts this company’s losses over the past month at close to 20%.
The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.