The market has been brutal for one ASX 200 share today.
The post Here are the 3 most traded ASX 200 shares today appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) enjoyed a comfortable day of trading this Wednesday. At market close, the ASX 200 finished up a healthy 0.39% to 7,531.9 points.
So let’s dig a little deeper and see which ASX 200 shares topped the charts today in terms of raw trading volume.
The 3 most traded ASX 200 shares this Wednesday
Scentre Group (ASX: SCG)
ASX 200 real estate investment trust (REIT) Scentre Group is our first ASX 200 share to check out today. By market close on Wednesday, an impressive 26.58 million Scentre units have changed hands.
Although there were no major news or announcements out of the Westfield owner today, Scentre did report its FY21 earnings yesterday, which caused a bit of a stir. Scentre shares finished up another 2.21% today, and are now up more than 8% over the past week. As such, we can point to these earnings as the probable cause for the relatively large trading volume we saw today with this REIT.
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telco Telstra is next up here, with a very robust 34.55 million shares changing hands today. Again there was no major news or announcements out from Telstra. However, the telco’s share price has taken quite a nasty hit this week.
Telstra shares finished the day down 2.54% to $3.83 a share. Since Monday morning, Telstra has fallen 4.7%. Since this telco is a very large company with a relatively low share price, these moves can often spark a large trading volume.
Nine Entertainment Co Holdings Ltd (ASX: NEC)
And last but certainly not least we have entertainment and media company Nine. Nine reported its FY21 earnings this morning, and the reaction from investors has been merciless.
The company finished the day down a nasty 9.7% to $2.69 a share after its report this morning. Almost certainly as a result, this Wednesday has seen a huge 38.3 million NEC shares bought and sold. You can read more about what exactly seems to have spooked Nine investors here. Even so, Nine shares remain up around 16% year to date in 2021 so far.
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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.