The S&P/ASX 200 Index (ASX: XJO) is continuing to swell higher this Tuesday so far, continuing the recent good run the ASX 200 has had. At the time of writing, the ASX 200 is up by a strong 0.8% at just over 7,470 points.
But let's dig a little deeper into today's moves and check out the ASX shares topping the market's trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume on Tuesday
Uniti Group Ltd (ASX: UWL)
Our first share up today is ASX 200 telco Uniti. This company has so far today seen an impressive 12.51 million of its shares swap homes. This is likely the result of the takeover speculation that is currently swirling around this company.
As we covered earlier today, Uniti has received an upped bid of $5 per share from a consortium of Morrison & Co and Brookfield Infrastructure Group, matching the bid received from Macquarie Group Ltd (ASX: MQG) last week. Despite initially spiking this morning, Uniti shares are now down by 1.69% at $4.64. It's likely this combination of events is why so many Uniti shares have been traded today.
Telstra Corproation Ltd (ASX: TLS)
Another ASX 200 telco is next up today. Telstra has had a sizeable 16.88 million of its shares trade hands as it currently stands. We also got some news out of Telstra this morning that might help to explain this volume.
The company has released some details of its legal restructuring, which will see Telstra Corporation become Telstra Group. The markets seem to have endorsed these moves, given the Telstra share price is now up a healthy 1.81% at $3.94 a share. It's this news and meaningful share price jump that has probably resulted in Telstra's elevated trading volumes.
AVZ Minerals Ltd (ASX: AVZ)
Lithium hopeful AVZ Minerals is our final and most traded share of the day thus far for the ASX 200 index. This Tuesday has seen a hefty 26.27 million AVZ shares fly around the markets at the time of writing.
This one is a bit of a mystery. There hasn't been any news out of AVZ today. And the company's share price is currently up just 0.42% at $1.19. Saying that, we did see AVZ go as low as $1.16 a share soon after open, followed by a brief rally to $1.22 a share shortly after. Thus, it could be this volatility that has elicited so many AVZ shares to the markets today.
