We take a look at the most active ASX 200 shares by volume…
The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) is suffering through another poor day of trading so far this Wednesday. At the time of writing, the ASX 200 is down by a nasty 1.04% at 7,332 points.
But let’s not let that get us down. So instead, let’s dive a little deeper into the ASX 200 shares presently topping the ASX’s trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Wednesday
Sydney Airport (ASX: SYD)
ASX 200 infrastructure company Sydney airport is our first share to take a look at today. This Wednesday has seen a hefty 17.33 million SYD shares fly to a new home. That’s despite an absence of news or announcements from the Airport today. The Sydney Airport share price isn’t doing too much either. It’s currently sitting at $8.65 a share, flat for the day so far.
So it’s possible that this volume is being caused by the planned acquisition of Sydney Airport. The company is recently in the process of being acquired by a consortium of institutional infrastructure investors at a share price of $8.75 a share. Perhaps there is some elevated trading going on before shareholders get to vote on the deal on 3 February.
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium producer Pilbara Minerals is next up this Wednesday. Pilbara has watched as a whopping 18.05 million of its shares have changed hands so far today.
This is almost certainly the result of the nasty share price fall that Pilbara has endured today. The company is currently down by 3.9% at $3.71 a share after going as low as $3.67 (down more than 4%) earlier this morning. Even so, that still leaves Pilbara up a healthy 5.4% in 2022 so far.
Scentre Group (ASX: SCG)
Last but certainly not least in terms of trading volume, we have ASX 200 Real Estate Investment Trust (REIT) Scentre Group. We have seen a sizeable 22.41 million Scentre shares bought and sold on the markets so far today. Again, there’s not much in the way of news or announcements out from Scentre today.
So we can probably put this volume down to the gyrations of the Scentre unit price this Wednesday. Scentre is currently trading at $3.02 a unit, but has gone as high as $3.05 and as low as $3.01 over the trading day thus far, playing jump rope with the breakeven line for most of the day. It’s this volatility that could be behind this elevated volume.
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 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 Bruce Jackson.