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

Some massive share price gains are resulting in high volumes 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 December 1, 2022 3:30 pm AEDT

The S&P/ASX 200 Index (ASX: XJO) has kicked off on a very pleasing run so far this Thursday, powering ahead on top of yesterday's gains. At the time of writing, the ASX 200 has risen by a healthy 0.77%, putting the index at around 7,340 points. Today's performance has lifted the share market to a new seven-month high.

But let's delve deeper into this pleasing performance by taking a look at the shares currently topping the ASX 200's share trading volume charts, according to investing.com.

Woman looking at a phone with stock market bars in the background. — Image source: Getty Images

The 3 most traded ASX 200 shares by volume this Thursday

Core Lithium Ltd (ASX: CXO)

First up this Thursday is the ASX 200 lithium share Core Lithium. So far today, a chunky 17.72 million Core shares have made their way across the ASX boards. There haven't been any new announcements or news from the company itself.

So it's probable that the volatility we've seen with this company's shares today is the culprit behind this high volume. Core started out the day on a strong foot, rising as high as $1.40 a share soon after market open. But investors have since gotten cold feet and sent Core Lithium lower. It's currently going for $1.34 a share, down by 0.6%.

South32 Ltd (ASX: S32)

Our next ASX 200 share worth checking out is the mining giant South32. This Thursday has had a meaningful 25.48 million South32 shares bought and sold thus far. With no news out from this company either, it seems we once again have a share price movement to thank for this volume we see.

And what a share price movement. South32 has rocketed by an impressive 6.84% so far this session to $4.29 a share. Higher commodity prices and a spectacular night of trading over in the US seem to be behind this enthusiasm.

Pilbara Minerals Ltd (ASX: PLS)

Our third and most-traded ASX 200 share so far today is none other than the lithium giant Pilbara Minerals. This Thursday has had a rather massive 31 million Pilbara shares swap hands as it currently stands. It looks like another share price gain is to thank for this volume.

Pilbara is joining in on the ASX 200 resources party today, albeit not quite as enthusiastically as South32. At this point of today's session, Pilbara has gained a pleasing 2.25% to $4.76 a share, after dipping into red territory for a brief moment this morning. This gain and the preceding volatility is probably what is to thank for Pilbara topping today's volume charts.

Automatic Renewal

By taking up this offer, you will also be enrolled in our auto-renewal program, which is our way of making your ongoing subscription easier by ensuring uninterrupted service. Don't worry, though – you're not locked in, and can cancel your auto-renewal at any time before each 'anniversary' date without question or penalty.