Finally, a day of green for ASX shares! The S&P/ASX 200 Index (ASX: XJO) is bouncing back strongly today, after a pretty relentless week or two of falls. At the time of writing, the ASX 200 is up a healthy 2.11% at 6,982 points.
But it's time to dive a little deeper and take a look at the shares currently at the top of the ASX's share volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume on Friday
Pilbara Minerals Ltd (ASX: PLS)
Pilbara Minerals is our first share to check out today. This ASX 200 lithium producer has had around 18.2 million of its shares traded on the ASX so far this Friday. There's no news out of the company so far today, so we can probably put this high volume down to the movements of the Pilbara share price itself.
At the time of writing, Pilbara has enjoyed a very pleasing 2.4% bump at $3.24 a share. However, the company also descended down to $3.04 at one point today. It's probably this volatility and healthy price rise that is behind so many shares changing hands.
BHP Group Ltd (ASX:BHP)
ASX 200 mining giant BHP is next up this Friday. So far today, a hefty 21.7 million BHP shares have swapped owners. This company is also up big today, enjoying a 2.88% rise at the time of writing. But it's more likely that this elevated volume is related to BHP's upcoming 'unification'. This refers to the miner's plans to end its dual-listing on the London Stock Exchange and move home permanently to the ASX.
As such, there might be a lot of UK-listed shares that are in the process of being repatriated to the ASX before the official move date on 31 January, helping to boost trading volumes today.
Telstra Corporation Ltd (ASX: TLS)
Telstra is our final and (thus far) most traded ASX 200 share of the day. This telco has had a whopping 28.82 million shares bought and sold thus far this Friday. Like with Pilbara, this appears to be a byproduct of a healthy share price move upward.
Telstra is currently up a robust 1.7% at $3.95 a share after also experiencing a tad of volatility earlier in today's trading day. It's this, together with Telstra's relatively low share price compared to its market capitalisation, that is probably responsible for its presence on this list today.
