What a depressing way to end the trading week for the S&P/ASX 200 Index (ASX: XJO). So far this Friday, the ASX 200 has dropped another 1.1% and is now back under 7,000 points. Seeing as the ASX 200 was above 7,200 at the start of the week, it’s certainly been one to forget.
But rather than letting all of that ruin our weekend, let’s instead take a look at the ASX 200 shares that are now at the top of the share market’s volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Friday
South32 Ltd (ASX: S32)
Mining giant South32 is our first ASX 200 share to check out this Friday. So far today, a hefty 16.52 million of this diversified miner’s shares have been traded on the markets. There’s been no news out of the company itself today.
However, the South32 share price has regardlessly been smashed. It’s currently down by around 4% at $4.81 a share. It’s likely that it is this steep fall in value that has resulted in so many South32 shares finding a new home on the ASX today.
Alumina Limited (ASX: AWC)
Another ASX 200 resources share is next up this Friday in alumina and aluminium producer Alumina. As it currently stands, a sizeable 17.9 million Alumina shares have changed hands. Again, we haven’t heard anything from the company itself today that could easily explain this volume.
But Alumina has also suffered a rather nasty share price movement today. The company is presently down a painful 4.85% to $1.57 a share. It’s this fall that we can probably blame for the elevated volume we see.
Pilbara Minerals Ltd (ASX: PLS)
Pilbara Minerals is our third and final ASX 200 share to have a look at today. This lithium producer has had a whopping 32.32 million shares bought and sold on the share market so far. Unfortunately, we seem to have yet another share price plunge to thank for this high volume we are seeing.
Continuing its woeful June form, Pilbara has lost another 3.7% of its value so far today and is currently going for $2.20 a share. It was even worse this morning, with Pilbara touching a low of $2.14 just after lunch.