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 Wednesday appeared first on The Motley Fool Australia. –
Once again, the S&P/ASX 200 Index (ASX: XJO) is enduring a red day of trading so far this Wednesday. At the time of writing, the ASX 200 has lost another 0.1% and is back to just over 7,040 points after another incursion below 7,000 this morning.
But rather than letting these latest market moves get to us, let’s instead take a glance at the ASX 200 shares that are currently at the top of the share market’s trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Wednesday
South32 Ltd (ASX: S32)
Diversified ASX 200 mining share South32 is the first company worth checking out today. This miner has had a hefty 12.54 million of its shares swap owners so far this Wednesday.
With no news out from the company, we have to assume this volume is the result of South32’s ongoing share buybacks, as well as the noticeable share price drop we have seen so far today. At the current time, South32 has lost 2.13% and is down to $4.38 a share.
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telco Telstra is our next share on our list today. A sizeable 17.62 million Telstra shares have traded hands as it currently stands. Here it seems we have a very similar situation to South32. No news out from the company, save for share buyback notices, which could well be involved in the high volumes we are seeing.
Telstra shares have also copped a small beating today. The telecommunications giant has presently lost 0.9% of its value and is back to $3.90 a share. So we can probably thank this combination for Telstra’s presence today.
Link Administration Holdings Ltd (ASX: LNK)
Our final and most traded ASX 200 share today goes to financial services provider Link Administration. Link has had a whopping 42.55 million shares bought and sold this Wednesday thus far. That’s despite Link shares being placed in a trading halt for a few hours today.
As we covered earlier today, Link shares plunged more than 12% before the company requested the halt, which has since been lifted. As it currently stands, Link remains down 12.47% at $4.35 a share. It’s this drama that is almost certainly behind Link’s elevated volumes.
The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Link Administration Holdings Ltd. The Motley Fool Australia has positions in 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 Scott Phillips.