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 Friday appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) seems to be on track to finish the week on a positive note. At the time of writing, the ASX 200 is up 0.29% at 7,245 points.
So let’s dig in and check out the ASX 200 shares currently topping the market trading volume charts, according to investing.com.
3 most active ASX 200 shares by volume on Friday
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium share Pilbara is our first cab off the rank today. This company has seen a hefty 13.37 million of its shares traded so far this Friday.
There are no new developments out of Pilbara today, so we can probably put this high volume down to the nasty share price slide the company has seen. Pilbara is presently down 3.54% to $2.45 a share after a brief stint in positive territory this morning.
Telstra Corporation Ltd (ASX :TLS)
Telstra is our next share to check out this Friday. This ASX 200 telco has had a sizeable 21.54 million shares swap hands this Friday. Again, there’s not much in the way of official news or announcements out of this company today.
So we can once again put this volume down to the actions of the Telstra share price. The telco is currently down 1.11% at $4.01 a share. Together with Telstra’s ongoing on-market share buyback program, this is probably why we are seeing Telstra appear on this list today.
TPG Telecom Ltd (ASX: TPG)
Our final and most traded ASX 200 share for this Friday goes to another telco. TPG has seen a massive 57.17 million shares bought and sold thus far on the markets today.
This follows some drama my Fool colleague Tony covered this morning. TPG’s billionaire founder David Teoh has unloaded 20% of his stake in the company (worth about $335 million), causing some dramatic market moves.
At present, the TPG share price is down a nasty 7.3% and is currently going for $6.14 a share. It’s this saga that is almost certainly behind this astronomical level of share volume we see today.
The post These 3 ASX 200 shares are topping the volume charts 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 Australia has recommended TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.