The S&P/ASX 200 Index (ASX: XJO) is having a pleasant time in the sun so far this Wednesday. At the time of writing, the ASX 200 is up a robust 0.68% at 7,440 points.
So let’s dig deeper and take a look at the ASX shares currently topping the ASX’s share trading volumes, according to investing.com.
3 most traded ASX 200 shares by volume on Wednesday
Telstra Corporaiton Ltd (ASX: TLS)
ASX 200 telco Telstra is first up this Wednesday. This telecommunications and internet giant has had a hefty 13.81 million of its shares trade hands so far today. However, there hasn’t been much in the way of news or announcements out of this company today.
Therefore, we can probably put this volume down to the movements of the Telstra share price itself. At the time of writing, Telstra shares are up a very pleasing 2.2% to $4.19 after going as high as $4.20 earlier this afternoon. This is the likely reason why so many Telstra shares have been traded today.
Pilbara Minerals Ltd (ASX: PLS)
Pilbara Mienrals is next up today. This ASX 200 lithium producer has had a sizeable 18.99 million if its shares change hands as it presently stands. Again, there isn’t much going on with Pilbara today in an official capacity. However, we have also seen a decisive move with the Pilbara share price.
At present, Pilbara shares are up a happy 1.7% so far at $3.58. However, this company touched a new all-time high of $3.65 a share earlier today. It’s this strong push upwards that is the likely smoking gun for this high ASX 200 volume this Wednesday.
Liontown Resources Limited (ASX: LTR)
Last but certainly not least in terms of trading volume, we have Liontown Resources. This ASX 200 lithium explorer has watched 20.23 million of its shares find a new home so far today. We don’t have to look too far for this one though. Liontown has had a fantastic day of trading this Wednesday.
The shares are presently up a healthy 6.13% at $1.645 each after hitting $1.75 (up 13%) earlier this morning. As my Fool colleague James discussed at the time, this seems to be related to the announcement this morning that Liontown has signed a major agreement with leading battery manufacturer LG Energy Solution.