Which ASX 200 share was the most heavily traded on the share market today?
The post Here are 3 ASX 200 shares flying around the markets today appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) is having a decent day today. At the time of writing, the ASX 200 is up 0.14% to 7,344 points. But let’s dig a little deeper, and see which ASX 200 shares are being the most heavily traded this Tuesday:
3 ASX 200 shares flying around the share market today
Shopping Centres Australasia Property Group Ltd (ASX: SCP)
SCA Property Group is our first ASX 200 share flying around the markets today. In fact, a very solid 11.9 million shares have changed hands so far this Tuesday. That’s despite no major news or announcements out of this ASX property company. In saying that, SCA Property Group is up 3.36% so far this week, including a healthy 1.23% bump just today. Perhaps it’s this steady climb that is causing this company’s shares to be so heavily traded.
Incitec Pivot Ltd (ASX: IPL)
Fertiliser and explosives manufacturer Incitec Pivot is another ASX 200 share that’s seeing some heavy trading volume today. So far, approximately 15.7 million Incitec shares have changed hands today. Unlike SCA Property, it’s fairly easy to see where this volume is coming from.
Incitec Pivot shares are up a very hefty 7% today so far to $2.60 a share. As my Fool colleague Aaron covered this morning, ASX 200 investors seem to be responding to an update the company put out today before market open. This update told the markets that Incitec is moving towards a regional manufacturing model, moving away from its old global model. This is partly due to the changing nature of the pandemic, with international borders around the world remaining restricted or closed.
Investors seem to have given their tick of approval to this move.
Bingo Industries Ltd (ASX: BIN)
Bingo is our top ASX 200 performer in terms of trading volume today, with a very substantial 18.26 million shares changing hands so far this Tuesday. Again, we have a clear motive here. This morning, Bingo put out an announcement, which declared that almost 97% of its shareholders have voted in favour of the proposed takeover by a subsidiary of Macquarie Infrastructure and Real Assets.
This subsidiary will now acquire all issued Bingo shares, pending court approval, with Bingo scheduled to leave the ASX 200 and the ASX boards on Thursday. Bingo also announced a special dividend of 11.7 cents a share at the same time.
The post Here are 3 ASX 200 shares flying around the markets today 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 owns shares of and has recommended Shopping Centres Australasia Property Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.