Here are the 3 most heavily traded ASX 200 shares on Wednesday

We take a look at the most traded ASX 200 shares by volume today.

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Well, it’s three for three so far this week in terms of green days for the S&P/ASX 200 Index (ASX: XJO). The ASX 200 is once more rising today, recording a healthy gain of 0.94% to close in on 7,200 points at the time of writing.

But let’s delve a little deeper into these gains and take a look at the ASX 200 shares that are currently atop the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

South32 Ltd (ASX: S32)

Diversified ASX 200 mining company South32 is first up this Wednesday. So far today, a hefty 13.7 million South32 shares have traded on the share market. There’s been no major news out of the company that might explain this move. However, the South32 share price has rocketed higher today. It’s currently up more than 5% at $4.71 a share, perhaps assisted by some love from the ASX brokers. It’s this leap higher that is almost certainly behind the elevated trading volumes we are seeing. 

Telstra Corproation Ltd (ASX: TLS) 

ASX 200 telco Telstra is next up this Wednesday. So far today, a sizeable 15.43 million Telstra shares have swapped owners. The causes of this high volume are not quite clear with this one. Telstra is currently trading flat at $3.93 a share after initially rising to $3.97 at one point this morning. So perhaps it’s this bouncing around that has caused this volume. Or else maybe the company’s ongoing share buyback program. It’s not too clear.

Pilbara Minerals Ltd (ASX: PLS)

Our final and most traded ASX 200 share of the day so far goes to lithium stock Pilbara Minerals. Pilbara has had a notable 19.34 million shares trade hands as it currently stands. Again, we seem to have a rising share price to thank for these volumes. The Pilbara share price is currently up a robust 2.38% at $2.80 a share after rising as high as $2.97 in earlier trading. Today’s move means Pilbara is now up close to 10% over the past five trading days alone. No wonder so many shares are changing hands this Wednesday. 

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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