Which ASX 200 share was the most traded today?
The post These 3 ASX 200 shares are the most traded this Tuesday appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) is enjoying a pretty decent day on the markets this Tuesday. At market close, the ASX 200 finished the trading at 7,535 points, up 0.41%. So let’s dig into the ASX 200 shares that are topping the charts in terms of trading volume today.
The 3 most traded ASX 200 shares on Tuesday
Scentre Group (ASX: SCG)
ASX 200 Real Estate Investment Trust (REIT) and Westfield owner Scentre is our first share to check out today. This Tuesday saw a substantial 14.04 million shares swap hands. That’s despite the absence of any major news or announcements out of this company today.
As such, we can probably put this high trading volume down to what’s happened with the Scentre unit price today. At market close, Scentre units are down 0.35% to $2.85 after initially falling to $2.83 and rising to $2.87 a few hours later. It’s probably this volatility that is behind so many Scentre units trading today.
South32 Ltd (ASX :S32)
Diversified ASX 200 miner South32 is next up on our list. We saw 27.70 million South32 shares bought and sold today. Again, there are no major news or announcements out of the company today, so it’s probably all about that share price for South32.
At market close, the miner is up a robust 1.95% this Tuesday to $3.14 a share. This week so far has sene South32 put on an impressive 9%. It’s likely this strong buying pressure is resulting in such a high volume of shares flying around the markets today.
Mesoblast Limited (ASX: MSB)
Our final ASX 200 share to look at today is medical company Mesoblast, with a whopping 20.85 million shares having changed hands. Unfortunately for investors, Mesoblast has a large share price fall to likely thank for all these shares zipping around. At market close, the company is down a nasty 15.91% today to $1.67 a share after falling more than 16% earlier today to a new 52-week low.
This seems to be in response to the company’s FY21 earnings report which was released this morning. As my Fool colleague James covered at the time, the company had to front investors with a report card showing revenues down 77% year on year. It’s perhaps no surprise we are seeing a sell off then, which is almost certainly behind the large trading volumes we see today.
The post These 3 ASX 200 shares are the most traded this Tuesday appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of August 16th 2021
Mesoblast (ASX:MSB) share price crashes 16% to 52-week low on cash concerns
Why Bubs, Harvey Norman, Mesoblast, & Regis shares are dropping
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.