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

Some massive falls in lithium shares are driving trading volumes today.

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It's been a pretty disappointing day for the S&P/ASX 200 Index (ASX: XJO) so far this Thursday. After recording a few gains in a row, the ASX 200 is retreating today. 

At the time of writing, the index has slipped by a nasty 0.6%, putting the ASX 200 down to just under 7,210 points thus far.  

But let's not dwell on all that for too long this close to the weekend. So instead, it's time to check out the shares now topping the ASX 200's share trading volume charts, according to investing.com.

blue arrows representing a rising share price ASX 200

Image source: Getty Images

The 3 most traded ASX 200 shares by volume this Thursday

Telstra Group Ltd (ASX: TLS)

First up this Thursday is the ASX 200 telco Telstra. This session has had a notable 18.4 million Telstra shares called in for trade at this point of the day. This volume could be a result of the market-trailing performance this blue-chip share has served up to investors today 

As we covered earlier, Telstra shares have been performing even worse than the ASX 200 this Thursday. This could be a result of some less-than-impressive market share data that has just come out.

Core Lithium Ltd (ASX: CXO)

Our next share to take a glance at is ASX 200 lithium producer Core Lithium. So far today, a chunky 46.84 million Core shares have been dug up and sold on the share market. This is almost certainly a result of the rather horrible share price performance we have seen afflicting Core this session.

At present, Core shares are down by a nasty 8.84% to $1.06 each. As my Fool colleague Bernd went into this afternoon, lithium shares are getting whacked from multiple sides today.

It's likely that investors are hitting the panic button over rising US interest rates and uncertain demand for lithium.

Pilbara Minerals Ltd (ASX: PLS)

Our third ASX 200 share this Thursday is another lithium stock in Pilbara Minerals. The ASX has seen a whopping 64.8 Pilbara shares exchanged at the time of writing. This, sadly, looks like another result of a massive share price fall.

But if you thought it was tough for Core Lithium investors today, spare a thought for those with Pilbara Minerals shares. This leading lithium producer has seen its share price decimated today, with Pilbara down a rather dire 11.43% to $4.03 a share.

It was worse earlier this afternoon too, when Pilbara touched $3.88 a share, a fall of almost 15%. With this amount of selling pressure, it's no wonder so many Pilbara shares have been flying around.

Motley Fool contributor Sebastian Bowen has positions in Telstra Group. 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 Group. 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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