The S&P/ASX 200 Index (ASX: XJO) had a rather flat day this Tuesday. At close, the ASX 200 is down 0.73% to 7,261.8 points. The days of 7,400 points that we saw (briefly) last month certainly look far away on these numbers. But let’s take a look at some of the ASX 200 shares that moved around on the markets today in terms of trading volume.
3 ASX 200 shares on the move today
Beach Energy Ltd (ASX: BPT)
There have been a substantial 12.97 million Beach shares traded on the share market today. At the same time, there were no major news or announcements that might have precipitated such a move. However, energy shares like Beach had a very strong day today.
Beach itself closed up a healthy 2.35% to $1.30 a share. My Fool colleague Brendon had a look at this earlier today. This might explain the high volume of Beach shares that found a new home this Tuesday.
Aventus Group (ASX: AVN)
Today has seen a whopping 31.11 million Aventus shares swap hands. That’s despite no major news or announcements coming out of the company. Well, almost.
My Fool colleague James reported today that company executive Brett Blundy has recently sold around 28.5 million shares (worth roughly $90.4 million) in a blocktrade. Perhaps as a result, the Aventus share price finished down a not-insignificant 4.85% today, closing at $3.14. It could be a combination of these developments that saw so many Aventus shares trade today.
Sydney Airport Holdings Pty Ltd (ASX: SYD)
And the award for the ASX 200’s most traded share today goes to Sydney Airport. A very hefty 32.41 million shares swapped hands. A few things may have caused the high trading volume.
Sydney Airport had a very dramatic day indeed yesterday. Its share price jumped more than 35% after it revealed it had received a takeover offer from a consortium of large infrastructure investors. Saying that, its share price finished down 0.9% at $7.71 today. Again, it’s likely a combination of these factors was behind all of those shares bouncing around today.