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

Some massive gains in the ASX lithium space seem to be driving trading volumes on 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 March 1, 2023 3:18 pm AEDT

The S&P/ASX 200 Index (ASX: XJO) has shaken off some morning blues so far this Wednesday to push higher this afternoon. After falling as much as 0.5% this morning, the ASX 200 is back in the green at the time of writing and is up a tentative 0.07% at just over 7,260 points.

Happy days! But time now to delve a little deeper into the ASX 200's rather indecisive day of trading thus far, by checking out the stocks that are topping the ASX 200's share trading volume charts right now, according to investing.com.

a group of three people carry a large block to line it up in ascending order with two other blocks nearby. — Image source: Getty Images

The 3 most traded ASX 200 shares by volume this Wednesday

Sayona Mining Ltd (ASX: SYA)

First up this Wednesday is the ASX 200 lithium stock Sayona Mining. This session has seen a sizeable 12.62 million Sayona shares swapped as it currently stands. There hasn't been any price-sensitive news out of Sayona so far today.

However, this lithium share has still shot up by a pleasing 2.98% thus far to 24 cents a share. Most lithium shares are enjoying some big gains this Wednesday, despite no major news coming out of the sector. It's this gain that probably explains the high volumes we are seeing here.

Telstra Group Ltd (ASX: TLS)

Next up is ASX 200 telco Telstra. So far this trading day, a decent 13.42 million Telstra shares have been dialled in for trading. There's been no news out from Telstra itself either. But the company has just traded ex-dividend this morning for its upcoming interim dividend payment.

As a consequence, the Telstra share price has shed a chunky 2.3% or so at this point of the session. This is probably the source of Telstra's high elevated trading volumes. Investors can now look forward to receiving Telstra's 8.5 cents per share dividend on 31 March later this month.

Pilbara Minerals Ltd (ASX: PLS)

Finally this Wednesday, let's look at Sayona's fellow ASX 200 lithium share Pilbara Minerals. Today's trading has seen a hefty 29.25 million PIlbara shares bought and sold thus far.

All has been quiet on the Pilbara news front as well. So it's likely we are seeing a similar situation to that of Sayona Mining here. In Pilbara's case, investors are enjoying even higher gains so far, with the Pilbara share price up a robust 4.20% at $4.34 a share right now.

Such a big share price lift has almost certainly caused the high share volume on display here.

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