These 3 ASX 200 shares are topping the volume charts on Wednesday

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 bit of a wild day of trading on the markets this Wednesday so far. At the time of writing, the ASX 200 is pretty much flat at 7,353 points after spending most of the trading day in the red.

So let’s dig deeper and check out the ASX 200 shares topping the ASX’s share volume charts for this day’s trading session, according to

3 most traded ASX 200 shares by volume this Wednesday

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco Telstra is our first share to check out today. So far, a hefty 11.28 million Telstra shares have been traded on the share market. There’s not much news out of the telco to speak of though. So it’s not entirely clear why this elevated volume is occurring.

It could be the result of the mild fall Telstra has experienced so far today, falling by 0.36% so far to $4.115 a share. That’s just a touch off of the new 52-week high of $4.13 we saw the company hit yesterday. Telstra’s ongoing share buybacks are probably also helping to boost this volume.

Santos Ltd (ASX: STO)

Oil driller Santos is next up this Wednesday. This ASX 200 energy share has had a sizeable 14.2 million of its shares bought and sold so far today. Again, with no news out of the company, let’s take a look at what’s happening with the Santos share price. Santos shares are presently up a healthy 0.97% are $6.22 at the time of writing. This has probably led to the high trading volumes we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

Our final and most traded ASX 200 share for today thus far is the lithium producer Pilbara Minerals. Pilbara has had a whopping 23.87 million shares change owners as it stands right now. This is almost certainly the result of the huge share price jump investors have enjoyed this Wednesday.

The company is currently up 7.17% at $2.69 a share. My Fool colleague Mitchell took a look at this jump earlier, which seems to be the result of a dramatic shift in investor sentiment. That’s given there are no developments out of the company.

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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More reading

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Here’s why the Pilbara Minerals (ASX:PLS) share price is bouncing back 8% today

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ASX 200 (ASX:XJO) midday update: Rio Tinto’s lithium acquisition, Pilbara Minerals jumps

Motley Fool contributor Sebastian Bowen owns 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 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.

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