The S&P/ASX 200 Index (ASX: XJO) is having a top day on the markets today. At the time of writing, the ASX 200 is up a healthy 0.95% to 7,320 points. But let's dig into some of the top trading ASX 200 shares today in terms of trading volume.
3 top trading ASX 200 shares on Wednesday
Zip Co Ltd (ASX: Z1P)
Zip Co is our first ASX 200 share to check out today. So far this Wednesday, 8.25 million Zip shares have traded hands. That's despite no official major news or announcements out of the company today.
Saying that, the Zip share price is currently up a market-beating 2.63% today to $7.60 a share. We have also seen some volatility in the Zip share price with a high of $7.59 and a low of $7.41 just today. It's probably a combination of these factors that have resulted in such a large trading volume for Zip shares.
Boral Limited (ASX: BLD)
ASX 200 construction materials company Boral is another share that's moving around the market this Wednesday. So far today, 16.45 million Boral shares have swapped hands.
Again, there has been no major news or announcements. But Boral has been recently embroiled in a takeover saga with Seven Group Holdings Ltd (ASX: SVW). Seven has now amassed more than 50% of all Boral shares, so this might still be adding to trading volumes today.
Oil Search Ltd (ASX: OSH)
ASX energy share Oil Search is once again the most traded ASX 200 share on the markets today, with a substantial 17.26 million shares finding new homes. After rising around 6% yesterday, Oil Search is up another 3.85% today.
This is probably an ongoing response to the revelation yesterday that fellow energy company Santos Ltd (ASX: STO) has proposed a merger between the two companies. This would see Oil Search shareholders receive 0.589 in Santos shares for every Oil Search share held.
Oil Search rejected this advancement but with all of these impressive gains, perhaps investors seem to think more offers right be coming their way.
