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 this Thursday appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) is having a somewhat lacklustre day of trading so far this Thursday. At the time of writing, the ASX 200 has lost 0.34% and is sitting at 7,424 points. But rather than dwelling on that figure, let’s instead check out the ASX 200 shares topping the volume charts so far today, according to investing.com
3 most active ASX 200 shares by volume on Thursday
South32 Ltd (ASX: S32)
South32 is our first ASX 200 share experiencing elevated trading volume today. So far, a hefty 14.98 million S32 shares have changed owners this Thursday. There are no major pieces of news or announcements out of the company today that might explain such volume.
However, the South32 share price has taken a nasty beating today, currently down 4.02% to $3.58 a share. This steep drop is probably behind this diversified miner’s high trading volume today.
Telstra Corporation Ltd (ASX: TLS)
Telstra Corporation is our next ASX 200 share today. This telco has had a sizeable 15.5 million of its shares find new owners so far this Thursday. This might have something to do with the rumours that my Fool colleague Tristan covered earlier today.
Telstra is reportedly now not proceeding with potential plans to purchase the electricity generation assets of Meridian Energy Ltd (ASX: MEZ). Telstra shares have been bouncing around a little today, and are currently at $3.91 each, down 0.26%. It’s probably these rumours, the share price volatility, or a combination of both that is resulting in so many Telstra shares trading today.
Whitehaven Coal Ltd (ASX: WHC)
Our final and most traded ASX 200 share today is the coal miner Whitehaven, with a whopping 26.51 million shares bought and sold so far. This is almost certainly the result of the share price crash Whitehaven is enduring today.
The company is currently down a horrible 7.6% to $2.62 a share. As my Fool colleague Brooke covered earlier today, this seems to be the result of collapsing thermal coal futures in the Chinese market. Whitehaven is now down more than 27% over just the past 3 weeks or so.
The post These 3 ASX 200 shares are topping the volume charts 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.