These 3 ASX 200 shares are topping the volume charts this Thursday

We take a look at the most active ASX 200 shares by volume…

| More on:
a person's legs and an arm sticks out from underneath a large ball of scrunched paper.

Image source: Getty Images

The S&P/ASX 200 Index (ASX: XJO) is having a pretty unpleasant day on the markets this Thursday. At the time of writing, the ASX 200 is down by 0.48% at 7,388 points. 

But rather than crying over that spilt milk, let’s instead check out the ASX 200 shares that are currently topping the ASX trading volume charts, according to investing.com.

3 most active ASX 200 shares by volume on Thursday

Telstra Corproation Ltd (ASX: TLS)

Telstra is our first ASX 200 share that’s experiencing high trading volumes this Thursday. This telco has seen a sizeable 14.36 million of its shares find new owners so far on the markets today. This could be a result of the volatile Telstra share price.

Telstra has been playing jump rope with the breakeven line all day today. It was down this morning, then flat, then down again, and now it’s up by 0.51% at $3.94 a share. It’s this volatility that has likely led to this company’s elevated trading volume today. Some on-market share buybacks might also be helping.

South32 Ltd (ASX: S32)

Mining company South32 is next up this Thursday. We have seen a hefty 15.54 million S32 shares swap hands thus far today. There’s not much in the way of news or announcements out of South32 that might explain this volume.

Thus, the high number of shares flying around is likely the result of South32’s modest 0.72% share price jump we see to $3.49. South32 is another ASX 200 blue chip that has been buying back its own shares, so this could also be pushing up the trading volume figures.

Fortescue Metals Group Limited (ASX: FMG)

Fortescue is our most traded ASX 200 share so far today. A whopping 16.95 million Fortescue shares have been bought and sold so far today.

We don’t have to look too far on this one to see why though. This ASX 200 mining giant has seen its share price rocket by more than 10% today, it’s currently at $15.66 at the time of writing, up 10.3%. My Fool colleague dug a little deeper into this rise earlier, but this is almost certainly why so many Fortescue shares are flying around the markets today.

Should you invest $1,000 in Fortescue Metals right now?

Before you consider Fortescue Metals, you'll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Fortescue Metals wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A group of people in suits watch as a man puts his hand up to take the opportunity.
Blue Chip Shares

2 ASX blue-chip shares this top fund manager thinks are good value

Wilson Asset Management offers its thoughts on a couple of blue-chip shares.

Read more »

Illustration of men and women pushing share price graph up
Share Market News

Why are ASX 200 shares rebounding on Friday?

China's COVID-zero policies have slowed its economic growth and impacted its trading partners.

Read more »

Boy looks quizzical standing in front of a graph.
Share Market News

Here are the 3 most traded ASX 200 shares on Friday

We take a look at the most traded ASX 200 shares by volume today.

Read more »

A man in a suit smiles at the yellow piggy bank he holds in his hand.
Bank Shares

What’s moving the CBA share price higher this week?

Australia's banks are expected to reap higher profits as the RBA increases the official cash rate.

Read more »

a woman in a wheelchair sits at her desk in her home with headphones on and looking at a computer screen of figures. monitoring the CBA share price
Share Market News

ASX 200 midday update: BHP, IGO, and Woolworths charge higher

The ASX 200 is ending the week strongly...

Read more »

A woman wearing a pink blouse and straw hat holds up a cannabis leaf with tall green cannabis plants in the background
Cannabis Shares

Remember when ASX cannabis shares were smoking hot? Where are they now?

Newly legalised recreational and medicinal marijuana markets aren't getting the media hype they once did.

Read more »

Broker looking at the share price on her laptop with green and red points in the background.
Share Market News

5 things to watch on the ASX 200 on Friday

The ASX 200 is expected to have a subdued finish to the week...

Read more »

Top 10 ASX shares today
Share Market News

Here are the top 10 ASX shares today

Here are your top 10 biggest gainers in the ASX 200 on Thursday.

Read more »