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

Volatility seems to be driving ASX trading volumes this Wednesday…

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 January 18, 2023 3:41 pm AEDT

It's turning out to be another rather lacklustre day for ASX shares and the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday.

After a weak showing yesterday, the ASX 200 is back in the red zone again this session, currently down 0.02% at just over 7,384 points. That's despite the ASX 200 being in the green for most of the morning. So let's see where it ends up.

But rather than trying to figure all of that out, let's instead take a gander at the shares presently at the top of 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

Core Lithium Ltd (ASX: CXO)

First up today is the ASX 200 lithium stock Core Lithium. This Wednesday has seen a decent 19.82 million Core shares find a new owner on the share market thus far. This is almost certainly the result of the sizeable share price jump we've seen with Core shares today.

The lithium producer is currently up a solid 3.63% at $1.057 a share after climbing as high as $1.08 earlier this afternoon. My Fool colleague covered why Core shares are so in demand today earlier, but it looks like this big rise is to thank for the high volumes we are witnessing.

Telstra Group Ltd (ASX: TLS)

The next ASX 200 share up today is the telco Telstra. This Wednesday has seen a weighty 21.01 million Telstra shares change hands as it currently stands. We haven't heard much in the way of news or announcements out of Telstra today. Or indeed this year so far.

So this volume is probably a byproduct of the volatility we have seen in the telco's shares this session. Telstra is currently 0.12% in the green at $4.095 a share. But the share price hit a high of $4.12 in early morning trading before dropping this afternoon.

Pilbara Minerals Ltd (ASX: PLS)

Another ASX 200 lithium share rounds out our list today with Pilbara Minerals. A whopping 34.04 million Pilbara shares have been bought and sold on the ASX so far this Wednesday.

Unlike Core Lithium, Pilbara shares have been shunned by investors this session. The company has lost a rather painful 1.23% of its value so far today, putting the company at $4.02 a share.

Again, we've seen some volatility with Pilbara today, with stints in both positive and negative territory and a day range of $3.94 to $4.12 a share. This is probably what has elicited the high volume numbers on display.

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