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

It's a mixed bag of ASX 200 shares topping today's trading charts.

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 February 28, 2023 3:39 pm AEDT

Well, this Tuesday has seen a reversal of fortunes for the S&P/ASX 200 Index (ASX: XJO). After yesterday's painful session, the ASX 200 has bounced back so far today. At the time of writing, the Index has gained a rosy 0.48%, which puts it back to just under 7,260 points.

So let's now dive a little deeper into these market moves by taking a look at the ASX 200 shares that are presently topping the share market's trading volume charts, according to investing.com.

A pair of legs can be seen on the floor buried under a pile of paperwork, indicating a high volume day. — Image source: Getty Images

The 3 most traded ASX 200 shares by volume this Tuesday

Telstra Group Ltd (ASX: TLS)

ASX 200 telco Telstra is our first share worth a look at this Tuesday. So far today, a notable 15 million Telstra shares have been called in for trading. There's been no news or major announcements out of Telstra today that might explain this volume.

So it's therefore likely to be the movements of the Telstra share price itself that is to thank for this volume. Telstra shares have indeed had a bouncy day of trading.

The telco is currently up by 0.12% at $4.16 a share but swung to a temporary loss this morning at $4.12 before going as high as $4.18 a share soon afterwards. It's probably this volatility that has resulted in so many Telstra shares changing hands.

Sayona Mining Ltd (ASX: SYA)

Next up this Tuesday we have the ASX 200 lithium stock Sayona Mining. This session has had a decent 24.21 million Sayona shares swap owners thus far. This is probably the result of Sayona's pleasing share price gain that we've seen today.

At present, Sayona shares are up a robust 3.11% at 23 cents apiece. As we went through this afternoon, it's been a rough and volatile month for this ASX 200 lithium share. But investors seem to be in a forgiving mood today, with this gain the likeliest explanation for the high volumes on display.

Pilbara Minerals Ltd (ASX: PLS)

Our third and most-traded ASX 200 share today is none other than another lithium stock in Pilbara Minerals. A hefty 30.72 million Pilbara shares have been bought and sold so far this session. Again, there's no fresh news out of Pilbara itself. So it could be a few things that are putting this company at the top of the trading tables this Tuesday.

For one, Pilbara shares have bucked the market, and are currently down by 1.07% at $4.16 each. But there are also rumours flying around today that a very large parcel of Pilbara shares has changed hands.

Put that on top of Pilbara's ex-dividend date for its first-ever dividend payment fast approaching, and we have a potent mix of factors that could all be driving the elevated volumes we are seeing.

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