Which ASX 200 share was the most heavily traded on the share market today?
The post These ASX 200 shares were flying around the share market today appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) had a rather negative day on the share markets today. The ASX 200 finished the day down 0.7% to 7,379 points. But that aside, let’s now take a look at some of the ASX 200 shares that moved around the markets today in terms of trading volume.
3 ASX 200 shares flying around the markets today
A2 Milk Company Ltd (ASX: A2M)
Our first ASX 200 share to examine today is the embattled dairy company A2 Milk. A hefty 9.97 million A2 shares traded today. There has been no major news or announcements out of the company. But that hasn’t stopped the A2 share price from shedding another 0.67%, meaning the A2 share price is back under $6 a share.
Government crackdowns in the lucrative Chinese market, as well as a recent corporate reshuffle, all seem to have combined to dampen sentiment for this company, which is probably behind the large number of A2 shares on the markets today.
Scentre Group (ASX: SCG)
ASX 200 Real Estate Investment Trust (REIT) Scentre Group is our second share that flew around the markets today, with 17.68 million shares having traded hands this Wednesday. Unlike A2 and the broader market, Scentre had a very healthy day today, with its share price finishing up 2%.
As my Fool colleague Bernd covered earlier today, Scentre and other ASX REITs all seem to be enjoying some optimism over coronavirus lockdowns being lifted across Victoria and South Australia this week. Seeing as Scentre will actually be able to reopen its shopping centres in those states, this is probably the reason why we are seeing the shares climb, which in turn may be resulting in more shares trading.
Telstra Corporation Ltd (ASX: TLS)
Telstra is our third and final ASX 200 share to check out today. This ASX telco is topping the table today, with a whopping 21.81 million shares traded.
Telstra has been on a bit of a roller coaster today. It made a new 52-week high of $3.82 this morning after opening at $3.80. But it wasn’t to last, with Telstra finishing down 0.53% for the day to $3.78 a share. It’s likely that this volatility, together with Telstra’s sheer size, is behind the large number of shares that flew around this Wednesday.
The post These ASX 200 shares were flying around the share market today appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen owns shares of A2 Milk and 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 Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.