We take a look at the most active ASX 200 shares by volume…
The post These 3 ASX 200 shares are the most heavily traded so far this Thursday appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) is having a pretty decent day on the markets this Thursday. At the time of writing, the ASX 200 is up a healthy 0.74% to 7,472 points so far.
But let’s dig a little deeper into the ASX 200 shares that are topping the charts so far today in terms of trading volume. So here they are, according to investing.com.
The 3 most heavily traded ASX 200 shares so far today
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium producer Pilbara is our first share to check out today. More often than not, Pilbara tops this list, but today, it’s coming in at third place so far with a hefty 20.95 million shares bought and sold. There is no major news or announcements out of Pilbara so far this Thursday.
However, the Pilbara share price is having a pretty awful day. It’s down a nasty 4.49% so far to $2.34 a share. This is probably the reason why this company has seen so many of its shares find new owners.
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telco Telstra is another company that is being heavily traded today, with a sizeable 37.53 shares swapping hands so far at the time of writing. This follows a big announcement from Telstra this morning, outlining a new ‘T25’ cost-cutting program.
The Telstra share price has responded positively, hitting a new 52-week high earlier this morning. It’s this move that is likely behind the large trading volumes we are seeing with this telco. Presently, Telstra is still up 1.02% to $3.97 a share.
Worley Ltd (ASX: WOR)
Our final and most traded ASX 200 share today is engineering company, Worley. Worley is topping the charts today with a staggering 57.93 million of its shares finding a new home so far this Thursday. There are no major developments with this company today, and Worley shares are currently down by 2.1% today to $9.81 a share.
However, it might be the news that a major shareholder has unloaded a large parcel of shares that may be responsible for Worley’s pole position at the time of writing.
The company released an ASX notice this morning that Jacobs Engineering Group Inc has “entered into a block trade agreement with Citigroup Global Markets Australia Pty Limited to sell all Jacobs’ shares (being 9.85%) in Worley via an underwritten block trade”.
This is probably why we are seeing so many Worley shares on the ASX boards right now.
The post These 3 ASX 200 shares are the most heavily traded so far this Thursday appeared first on The Motley Fool Australia.
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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.