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 on Friday appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) seems to be intent on finishing the week on a sour note. At the time of writing, the ASX 200 is currently down by a nasty 1.97% at 7,261 points, falling steadily all day so far.
But rather than dwelling on the market’s attempts to ruin our weekend, let’s instead check out the ASX 200 shares that are currently topping the trading volume charts today, according to investing.com.
3 most active ASX 200 shares by volume this Friday
Telstra Corporation Ltd (ASX: TLS)
Blue chip telco Telstra is our first share to look at today. This ASX 200 giant has had a hefty 13.57 million of its shares swap hands so far this Friday. There have been no major news or announcements out of Telstra today. As such, we can probably place this elevated volume at the feet of the 1.24% slide to $4.03 a share that this company has endured so far. As we mentioned yesterday, Telstra is also continuing to conduct share buybacks, so this might be adding to these volumes as well.
Spark Infrastructure Group (ASX: SKI)
The renewables company Spark Infrastructure is next up today. Spark has watched a chunky 13.75 million of its shares bought and sold so far this Friday. This comes as the company announced this morning that it has received approval from the Supreme Court of New South Wales for the takeover offer from a consortium of institutional investors to acquire Spark in full. It now looks more likely than ever that Spark will soon be leaving the ASX boards for good. It’s this move that might have… sparked… so many shares trading this Friday.
Pilbara Minerals Ltd (ASX: PLS)
And our third, final and most traded ASX 200 share so far today goes to lithium producer Pilbara with a sizeable 14.37 million shares finding new owners on the markets so far. Again, there’s no official news out of Pilbara today, so this high volume is probably the result of the beating that Pilbara shares are going through as well. The company is currently down a depressing 2.3% so far today at $2.55 a share. It’s this slide that is the probable cause behind Pilbara’s place at the top of this list.
The post These 3 ASX 200 shares are topping the volume charts on 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.