After a fabulous start to the day and crossing 7,400 points for the first time ever, the S&P/ASX 200 Index (ASX: XJO) cooled off this afternoon. At market close, the index finished down 0.09% to 7,386 points.
Let’s take a look at the three biggest ASX 200 movers and shakers today.
AMP Ltd (ASX: AMP)
AMP was the third most active ASX 200 share, with a substantial 25.16 million shares traded today. That’s despite the AMP share price seemingly not doing much.
The AMP share price finished up 1.23% at $1.23 a share, but not before bouncing around throughout the day. AMP shares opened at $1.22 this morning and dipped soon after, hitting $1.20 a share just before midday before recovering into the green this afternoon.
There has been no major news out of the ASX 200 wealth manager though – unless you count a dividend notice for holders of some AMP capital notes.
It’s worth pointing out that some of the shares on the market today might have been bought by AMP itself. The company has been buying back its own shares almost every day recently. That includes a little more than 118 million shares yesterday.
Telstra Corporation Ltd (ASX: TLS)
Telstra is another ASX 200 share that flew around the ASX boards today, after also being a heavily traded ASX share yesterday.
At market close, a hefty 27.95 million Telstra shares had changed hands. Again, that’s despite the Telstra share price not doing anything too special.
In fact, Telstra shares finished exactly where they were at market close yesterday. After opening at $3.60 this morning and going as high as $3.61 – incidentally, Telstra’s 52-week high – the Telstra share price closed at $3.58. Again, there was no major news out of Telstra today.
Pilbara Minerals Ltd (ASX: PLS)
Right up there today in terms of highest volume traded was lithium company Pilbara Minerals. At the close of the day, 22.65 million Pilbara shares had changed hands. That can probably be put down to this company’s relatively large loss of 2.17% today at $1.35 a share.
Long-term investors probably aren’t too upset though, considering this ASX 200 company is still up 55.17% year to date, and a whopping 417.54% over the past 12 months.
However, we did have some small news out of Pilbara today. The company put out a presentation this morning, outlining its aspirations for net-zero emissions lithium production.