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

Qantas is one of our most traded ASX 200 shares today…

Sebastian Bowen

Author Bio Sebastian Bowen has been a Motley Fool contributor since late 2018. Sebastian found his passion for writing and educating others about shares and all things finance after completing his studies in political, economic and social science and enjoys bringing this passion to life at the Fool. His investment philosophy is a simple one – buying high-quality companies at prices that make sense. When he’s not researching his next investment at all hours of the morning, Sebastian enjoys classic movies and likes to unwind with a good book, newspaper or record. Areas of Expertise Dividend investing ETFs Education Bachelor of Political, Economic, and Social Sciences (Government and International Relations), University of Sydney Social Media X/Twitter Favorite Investment Quote "In the short run, the market is a voting machine, but in the long run, it is a weighing machine." – Benjamin Graham

Published November 23, 2022 3:35 pm AEDT

It's been another strong day of gains for the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday. After yesterday's return to form, the ASX 200 is doubling down today and has given investors a gain of 0.6% at the time of writing. That puts the index just over 7,220 points.

But time to dive a little deeper into today's session. So let's take a look at the shares currently dominating the ASX 200's share trading volume charts, according to investing.com.

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The 3 most traded ASX 200 shares by volume this Wednesday

Qantas Airways Limited (ASX: QAN)

Our first cab off the rank today is national carrier and ASX 200 travel share Qantas. Today we have seen a notable 11.76 million Qantas shares transit to a new owner. This might have something to do with the market update the airline gave to investors this morning.

As we covered at the time, this was a pleasant surprise for the market, with Qantas bumping up its guidance for the current half by $150 million. Qantas shares are up a healthy 5.37% on this news and hit a new 52-week high of $6.23 a share this morning.

Pilbara Minerals Ltd (ASX: PLS)

Next up is the ASX 200 lithium share Pilbara Minerals. So far this Wednesday, a significant 11.88 million Pilbara shares have been traded on the share market. Yet there's been no fresh news or developments out of Pilbara this session.

But we have seen some rather intense volatility going on with the Pilbara share price, which might explain this volume. Pilbara shares have been bouncy all day. The company initially spiked to $5 a share soon after market open this morning.

But as the day has progressed, we've seen a retreat from those highs. At present, the lithium producer is going for $4.93 a share, the same as yesterday's closing price.

Core Lithium Ltd (ASX: CXO)

Third and finally today, we have another ASX 200 lithium share in Core Lithium. Core has seen a decent 17.51 million of its shares trade hands as it currently stands. There's been no fresh news out of Core shares today either.

But we have seen some strong gains with this stock which probably explains the elevated volumes we are seeing. Currently, Core Lithium is currently up a healthy 1.41% at $1.44 a share. But earlier this afternoon, we saw the company rise as high as $1.48 a share (up more than 4%).

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