We take a look at the most active ASX 200 shares by volume today…
The post Here are the 3 most heavily traded ASX 200 shares this Friday appeared first on The Motley Fool Australia. –
Today has seen the S&P/ASX 200 Index (ASX: XJO) looking to finish the trading week on a positive note. The ASX 200 is currently up by 0.46% to 7,463 points.
Let’s take a look at the ASX 200 shares that are topping the trading volume charts today, according to investing.com.
3 most active ASX 200 shares by volume on Friday
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telco Telstra is our first ASX share to check out today. This ASX blue-chip has seen a sizeable 11 million shares finding new owners so far this Friday.
With no major news out of the telco today, we can assume this elevated trading volume is on the back of healthy share price growth today. Telstra is currently up a robust 1.15% at $3.98 a share. This is getting pretty close to its 52-week high of $4.05. Telstra has also been buying back its own shares recently, so this could be a contributing factor as well.
Virgin Money UK (ASX: VUK)
ASX-listed but British-based bank Virgin Money UK is our next cab off the rank. Virgin Money has seen a hefty 11.47 million shares change hands so far today. This volume can likely be put down to the trading update Virgin Money released to investors yesterday evening.
Despite some improvements across the board with its metrics, investors were clearly wanting more given the Virgin Money share price is down a nasty 11.4% today to $3.14 a share. This steep share price fall is almost certainly behind the elevated trading volumes we are seeing this Friday.
Alumina Limited (ASX: AWC)
Aluminium processor Alumina is our final and most traded ASX 200 share this Friday. An impressive 13.3 million shares have been bought and sold so far today. There are no announcements out of Alumina today.
This ASX 200 company has had a rough couple of weeks. Its shares were downgraded by a major broker and its chief financial officer resigned. Together with today’s nasty 2.75% drop to $1.87 a share so far, we have the probable reasons for its high trading volume today.
The post Here are the 3 most heavily traded ASX 200 shares this Friday 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.