We take a look at the most active ASX 200 shares by volume…
The post These 3 ASX 200 shares are topping the volume charts on Friday appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) is wrapping up the trading week on a low today. The ASX 200 is currently down a depressing 1.27% at 7,336 points at the time of writing.
That’s a pretty sobering number there, so let’s check out the shares topping the ASX 200 volume charts this afternoon instead according to investing.com.
3 most active ASX 200 shares by volume this Friday
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telecommunications giant Telstra is our most traded share today. This Friday has seen a sizeable 19.62 million Telstra shares change hands thus far. This looks like it is the result of the nasty share price fall the telco has endured today.
Telstra is down a nasty 2.68% to $3.82 a share in late afternoon trading. Since Telstra has a relatively low share price compared to its market capitalisation, these price moves can often propel Telstra to the top of the ASX 200 volume charts. That might be what we are seeing playing out today.
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium producer Pilbara is another popular share today. A whopping 15.93 million shares have been bought and sold. Like Telstra, we can probably point to the large share price swing Pilbara has seen today to explain its elevated trading volume. But fortunately for shareholders, this one’s in the green. Pilbara is up a healthy 3.77% at $2.20 in late afternoon trading.
South32 Ltd (ASX: S32)
Diversified ASX 200 miner South32 has seen a hefty 10.87 million of its shares find new owners today. There’s not much in the way of news or announcements out of South32 this Friday, so we could probably put this elevated trading volume down to plain old volatility.
The South32 share price is flat in late afternoon trading at $3.58 a share. However, soon after the market open this morning, South32 went as high as $3.68 a share, up 2.8%. It’s probably this bouncing around that is causing so many S32 shares to trade hands today.
The post These 3 ASX 200 shares are topping the volume charts on Friday 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.