The S&P/ASX 200 Index (ASX: XJO) has kicked off the trading week by getting up on the wrong side of the bed, it seems. The ASX 200 has had a clanger so far today, having fallen by 1.98% and is sitting at just over 7,300 points.
But rather than dwelling on that, let’s delve a little deeper into the shares currently topping the ASX 200’s volume charts, according to investing.com.
The 3 most-traded ASX 200 shares by volume this Tuesday
Fortescue Metals Group Limited (ASX: FMG)
Our first ASX 200 share up today is the iron ore miner Fortescue. Twiggy’s resources giant has had a hefty 26.95 million of its shares change hands as it currently stands. With no news out from Fortescue today, we can assume that the nasty share price selloff this company has endured so far is responsible for this elevated trading volume. At the present time, Fortescue shares are down by almost 7% at $19.74. This comes after the iron ore price itself was heavily sold off in recent days.
Pilbara Minerals Ltd (ASX: PLS)
Another resources share is next up today in ASX 200 lithium producer Pilbara Minerals. This Tuesday has seen a sizeable 27.43 million Pilbara shares bought and sold thus far. There have also been no major news or announcements out of Pilbara itself today. As such, it again looks as though this high volume of shares trading is a result of the company’s share price itself. Like Fortescue, Pilbara has also had some nasty share price movements today. The company is currently down by 5.23% at $2.62 a share.
Paladin Energy Ltd (ASX: PDN)
ASX 200 uranium share Paladin is our final and most traded share of the day as it presently stands. This Tuesday has seen a whopping 28.19 million Paladin shares find a new home so far. Once more, we seem to have a large share price fall to thank for this volume (it really hasn’t been a good day for ASX mining shares). At the time of writing, the Paladin Energy share price has lost 2.12% and is sitting at 81 cents.