The S&P/ASX 200 Index (ASX: XJO) has had a great day on the markets today. The ASX 200 closed up a very healthy 0.5% to 7,431.4 points after hitting 7,447.9 earlier in the day – a new all-time record high.
So let's now take a look at how some of the ASX 200 shares fared today in terms of trading volume:
3 ASX 200 shares that were the most heavily traded today
Silver Lake Resources Limited (ASX: SLR)
ASX 200 gold producer Silver Lake is our first ASX share to examine today. Some 16.61 million Silver Lake shares swapped owners this Tuesday. And just like yesterday, this is probably the result of the Silver Lake share price's miserly performance.
Silver Lake shares fnished down a nasty 2.36% today to $1.45 a share. This company is now down an even nastier 21% over the past 5 trading days.
What's to blame? It seems like it's Silver Lake's quarterly report, released last week, that is the source of this market pessimism.
Scentre Group (ASX: SCG)
Real Estate Investment Trust (REIT) Scentre Group is our second ASX 200 share that traded heavily today, with 18.58 million shares changing hands. There were no major news or announcements out of this shopping centre operator today. However, Scentre shares staged something of a recovery on Tuesday after yesterday's near 4% sell off.
At market close, Scentre was back up 1.21% today to $2.50 a share. It might be the whipsaw selling-then-buying dynamic playing out that is behind the surge in trading volumes we are seeing with this ASX REIT today.
Telstra Corporation Ltd (ASX: TLS)
And the ASX 200's most traded share today was Telstra. The ASX telco has seen a hefty 19.11 million of its own shares trade this Tuesday. This might be the result of the Telstra share price itself, which finished up 1.6% to equal its 52-week high of $3.80 a share.
Again, there has been no major news or announcements out of the telco today. But as Telstra is a large ASX 200 company by market capitalisation, but with a relatively low share price, we often see trading volume of this magnitude from seemingly small share price movements.
