The S&P/ASX 200 Index (ASX: XJO) is having a pretty decent day today. At the time of writing, the ASX 200 is up 1.04% to 7,384 points.
But let’s now take a deep dive into the ASX 200 shares that are flying around the share market today in terms of trading volume:
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telco Telstra is our first share to check out today. So far this Thursday, a substantial 10.52 million Telstra shares have traded hands.
This is despite an absence of major official news or announcements out of the telco. Saying that, the Telstra share price is up a robust 1.21% today to $3.77 a share after opening at $3.73 this morning and going as high as $3.78 this afternoon.
Telstra is a very large ASX company with a relatively low share price. This means that even a slight move up (or down) can propel Telstra to the top of the trading volume pile very easily. This might be what we are seeing today.
Zip Co Ltd (ASX: Z1P)
Buy now, pay later (BNPL) company Zip Co is our next ASX 200 share to check out today. And boy, have Zip shares had a day to remember. The company is currently down a nasty 7.12% to $7.04 a share after posting a quarterly update this morning.
Even though Zip reported revenue growth of 104% and transaction volume growth of 116% for the fourth quarter of FY21, investors were evidently unimpressed. It’s this slide in Zip Co shares that is probably behind the 26.10 million Zip shares which have found new homes today.
Pilbara Minerals Ltd (ASX: PLS)
As yours truly covered earlier today, lithium producer Pilbara is the most traded ASX 200 share this Thursday, with a whopping 26.31 million shares trading on the markets so far.
It seems that a positive update from Pilbara’s fellow lithium producer Galaxy Resources Limited (ASX: GXY) is sparking a huge inflow into the lithium space today. Pilbara shares are currently up a hefty 9.28% today to a new all-time high of $1.69 a share.
It’s this rise that is likely to be behind the huge surge in trading volume we are seeing. Pilbara Minerals is now up almost 93% year to date.