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 Tuesday appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) is having a rather volatile day of trading so far this Tuesday. At the time of writing, the ASX 200 is still down 0.1% at 7,445 points after swinging positive and negative at various points today.
But rather than trying to figure that out, let’s instead check out the ASX 200 shares that are currently topping the ASX trading volume charts, according to investing.com.
3 most active ASX 200 shares by volume on Tuesday
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium producer Pilbara is our first ASX share experiencing elevated trading volumes today. At the time of writing, a sizeable 15 million Pilbara shares have found new owners on the markets.
With no news or announcements out of this company so far today, we can probably put this volume down to the healthy bump in the Pilbara share price so far this Tuesday. Pilbara shares are currently up a pleasing 4.37% to $2.39 a share. This rise is probably what’s behind so many shares trading on the markets today.
Ramelius Resources Limited (ASX: RMS)
ASX 200 gold miner Ramelius is next up today. This Tuesday has seen a hefty 16.89 million Ramelius shares swap hands thus far. Again, there are no major developments with Ramelius today, aside from an acquisition announcement from its gold mining peer Newcrest Mining Ltd (ASX: NCM) this morning.
Saying that, the Ramelius share price is also having a swell day today. It’s up 4.6% so far at $1.70 a share. This is probably what is behind such elevated trading volumes today.
Sydney Airport (ASX: SYD)
ASX 200 infrastructure giant Sydney Airport is our final and most traded ASX 200 share this Tuesday. Investors have seen a whopping 45.33 million Sydney Airport shares bought and sold so far.
With no additional developments out today, this surge in volume is likely related to the Airport’s big announcement yesterday. The company has accepted an offer to be acquired for a price of $8.75 a share by a consortium of institutional investors. Sydney Airport shares are currently down 0.47% at $8.42 a share so far today.
The post These 3 ASX 200 shares are topping the volume charts this Tuesday appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen owns shares of Newcrest Mining 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 has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.