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 Wednesday appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) is having a pretty bumpy time of it so far this Wednesday. At the time of writing, the ASX 200 is currently up by just 0.3% at 7,413 points after stints in both positive and negative territory over the trading day thus far.
But rather than trying to figure that out, let’s instead check out the ASX 200 shares that are currently topping the ASX trading volume charts so far today, according to investing.com.
3 most active ASX 200 shares by volume this Wednesday
Pilbara Minerals Ltd (ASX: PLS)
Our first ASX 200 share to check out today is the lithium producer Pilbara Minerals. This Wednesday has seen a sizable 12.96 million Pilbara shares trade hands so far. With no news or announcements out of the company, we can probably put this volume down to the volatility Pilbara shares have been exhibiting so far.
After dipping as low as $2.44 a share this morning after open, the Pilbara share price has been playing jump rope with the breakeven line all day. It’s currently at $2.52 a share, returning to the price it was at yesterday’s close. It’s this volatility that is probably behind this elevated trading volume.
Sydney Airport (ASX: SYD)
Sydney Airport is next up, with a hefty 21.22 million shares finding new owners on the ASX boards so far today. There’s not much in the way of news or announcements out of this ASX 200 infrastructure giant today either. The shares are currently down by 0.15% at $8.44.
But Sydney Airport has periodically been one of the highest trading ASX 200 shares ever since its acceptance of the takeover deal lobbed its way last month. At $8.44, Sydney Airport is still trading a good 3.7% or so from the takeover price of $8.75 a share. This could be a factor in this high volume today.
Spark Infrastructure Group (ASX: SKI)
And our final and most traded ASX 200 share of the day thus far goes to the renewables company Spark Infrastructure. Unlike the other two companies mentioned, we have something of a smoking gun as to why a whopping 30.72 million Spark shares have been bought and sold over the day so far.
This morning, the company announced that it has received approval from the Foreign Investment Review Board (FIRB) for the takeover offer put forward by a consortium led by Kohlberg Kravis Roberts and the Ontario Teachers’ Pension Plan earlier this year. The Spark share price is up 1.95% at $2.88 a share so far today.
The post These 3 ASX 200 shares are topping the volume charts 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.