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 Wednesday appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) has given back some of the healthy gains we saw yesterday, and is suffering through another day in the red so far this Wednesday. At the time of writing, the ASX 200 is down by 0.37% at 7,230 points.
But let’s not dwell too much on that miserly figure, and instead check out the ASX 200 shares that are currently topping the trading volume charts, according to investing.com.
3 most active ASX 200 shares by volume on Wednesday
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium producer Pilbara Minerals, once again finds itself on the most trade shares list today. Pilbara has seen a hefty 11.73 million of its shares change hands thus far today. With no major news or announcements, we can probably put this elevated trading volume down to the gyrations of the Pilbara share price itself.
So far today, Pilbara has both been up 2.7% and down 1.7%. It’s currently right in the middle, sitting flat at $2.60 a share. It’s likely this share price volatility is behind so many Pilbara shares trading today.
Santos Ltd (ASX: STO)
ASX 200 gas and energy company Santos is next up, with a sizable 12 million of its shares finding a new home today. Again, there’s not much in the way of new developments out of this company today, and as such, we also turn to the Santos share price for answers.
Santos shares have taken a bit of a tumble today, and are currently down 1.18% at $6.30 each. That put’s its losses for the past month at a nasty 11.2%. It’s this fall that we can probably put this elevated trading volume down to.
Telstra Corporation Ltd (ASX: TLS)
The giant telco Telstra is our final and most traded ASX 200 share this Wednesday. So far, we’ve seen an impressive 18.46 million Telstra shares bought and sold on the share market. Once again, it seems a share price drop is to blame here. Telstra shares are presently down by 1.23% at $4.02 a share.
In saying that, there has been some talk about the telco’s plans to offer energy services to customers, so this may be a factor too. As might Telstra’s ongoing share buybacks. Even so, this ASX 200 telco is still up 33.4% year to date.
The post These 3 ASX 200 shares are topping the volume charts this Wednesday 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.