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

Some massive trading of Pilbara Minerals shares is dominating today's volume charts

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It was a good day on the share market so far this Thursday… until it wasn't. After falls on both Monday and yesterday, the S&P/ASX 200 Index (ASX: XJO) has been back in the green for most of the day but has sunk back into red territory as it currently stands, if only just.

At the time of writing, the ASX 200 has lost an anaemic 0.01%, putting the index at just over 7,250 points.

Let's hope it gets back to the gains. But in the meantime, let's now dig deeper into the market's tentative gains by taking a look at the ASX 200 shares that are at the peak of the share market's trading volume charts at present, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

AMP Ltd (ASX: AMP)

Our first share worth a gander at today is the ASX 200 financial services stalwart AMP. So far this Thursday, a notable 19.51 million AMP shares have charged across the ASX boards. There's been little news out from the company so far today though, save for a share buyback notice.

This could in itself be driving trading volumes. But AMP's share price performance is probably contributing to these high volumes as well. AMP has had a cracking day so far, rising by a healthy 1.14% at present to $1.07 a share. That comes after AMP shot up as high as $1.10 a share this morning.

Sayona Mining Ltd (ASX: SYA)

Next, we have ASX 200 lithium stock Sayona Mining. So far this session, a sizeable 22.03 million Sayona shares have swapped hands. There's been no news out of Sayona at all as of yet. So again, let's look at this lithium stock's share price for an explanation.

And Sayona has indeed seen a fair bit of volatility. Right now, this share is down a nasty 2.1% at 24 cents each. But Sayona has bounced between 23 cents and 24 cents all day. That might not sound like much, but it's worth a move of more than 4%. This is what seems to be driving volumes here.

Pilbara Minerals Ltd (ASX: PLS)

Last but certainly not least in terms of trading volume this Thursday, we have another ASX 200 lithium share in Pilbara Minerals. Pilbara has seen an unusually large 193 million of its shares fly around the ASX so far today.

Pilbara has traded ex-dividend today, which explains why its shares are presently deep in the red. But this volume is also possibly the result of rumours of a major sale of Pilbara shares from a large investor. It's not too often you see a $4 share with close to 200 million shares trade in one day.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. 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 no position in any of the stocks mentioned. 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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