The S&P/ASX 200 Index (ASX: XJO) is having quite a choppy day today, and has been bouncing around for most of the trading session. At the time of writing, the ASX 200 is holding up by 0.12% at 6,999 points.
But let's dig deeper and take a glance at the ASX 200 shares that are currently topping the share market's volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume so far on Friday
South32 Ltd (ASX: S32)
Resources share South32 is our first cab off the rank today. This diversified ASX 200 miner has had a hefty 15.27 million shares trade on the markets so far this Friday. There has been no major news or announcements out of the company today, save for a share buyback notice.
However, the South32 share price has enjoyed a strong day of gains today. It's presently up 2.2% at $4.64. It's this move, plus the company's buybacks, that are probably responsible for this elevated volume.
Telstra Corporation Ltd (ASX: TLS)
Telstra is next up this Friday. So far, a sizeable 18.42 million of this ASX 200 telco's shares have been bought and sold on the markets. Again, we have a very similar situation going on. No major news except for a share buyback notice.
Telstra shares have been bouncing around a little today, and are currently down by 0.13% at $3.94 each. With these buybacks going on amid this volatility, we can say that these are the likely causes of this high volume we see.
Pilbara Minerals Ltd (ASX: PLS)
Our final and most traded ASX 200 share of the day goes to lithium producer Pilbara Minerals. Pilbara has had a whopping 26.55 million shares trade owners as it currently stands. This company always seems susceptible to big market moves.
Yesterday we had a drop of more than 7%. But today, we see a healthy gain of 4.77% so far. It's this notable jump that is probably behind Pilbara's place at the top of the table today.
