The S&P/ASX 200 Index (ASX: XJO) looks on course to end the week on a high note after a couple of days in the red. At the time of writing, the ASX 200 has gained a robust 0.39% at just over 7,470 points.
But let’s delve a little deeper into these gains by looking at which ASX 200 shares are currently topping the market’s share volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Friday
Platinum Asset Management Ltd (ASX: PTM)
Fund manager Platinum is our first share to take a glance at today. So far this Friday, Platinum has had 16.91 million of its shares traded on the markets. Unfortunately for investors, this seems to be the result of the nasty share price collapse this ASX 200 fund manager has suffered through today.
The Platinum Asset Management share price is currently down by a whopping 15.25% at $1.89 a share. Investors seem to have been spooked by this company’s latest funds under management report. No wonder so many shares have traded today.
AVZ Minerals Ltd (ASX: AVZ)
ASX 200 lithium hopeful AVZ is next up today. During today’s trading session thus far, a notable 19.06 million shares have been bought and sold. The company’s shares themselves haven’t done anything too remarkable as it presently looks, with the AVZ share price down by 0.27% at $1.12.
However, AVZ did release a notice this morning that it has issued a large number of new shares thanks to some unlisted options being exercised. Perhaps this is helping push up volumes as well.
Paladin Energy Ltd (ASX: PDN)
Uranium share Paladin is our third and final share worth discussing this Friday. So far today, a sizeable 51.89 million Paladin shares have swapped hands as it currently stands. This ASX 200 company appears to be enjoying the opposite situation of Platinum. Its shares are currently up a pleasing 11.56% at 89 cents each. There is no major news out of the company today.
However, as my Fool colleague Brooke explained today, most uranium shares are enjoying some love after uranium futures shot to their highest pricing in a decade overnight. This is probably why we see such a high trading volume right now.