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

An ASX 200 share's return from a trading halt is driving volumes this Tuesday.

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 7, 2023 3:21 pm AEDT

The S&P/ASX 200 Index (ASX: XJO) has shaken off some morning blues and is pushing higher this afternoon, perhaps thanks to the Reserve Bank's latest interest rate hike. At the time of writing, the ASX 200 has gained a healthy 0.51%, putting the Index at just over 7,365 points.

But enough on interest rates. Let's instead delve a bit deeper into the stocks that are presently topping the ASX 200's share trading volume charts, according to investing.com.

An office worker and his desk covered in yellow post-it notes — Image source: Getty Images

The 3 most traded ASX 200 shares by volume this Tuesday

Telstra Group Ltd (ASX: TLS)

First up today is the ASX 200 blue chip Telstra. As it currently stands, a sizeable 21.5 million Telstra shares have changed hands this session. There's been no news from Telstra itself for almost a week.

So it looks as though this volume is being caused by the movements of the Telstra share price itself. Telstra has had a bumpy, yet overall positive day so far. The telco is currently up a decent 0.61% at $4.10 a share after trading as high as $4.13 and as low as $4.08 earlier today.

Lynas Rare Earths Ltd (ASX: LYC)

Next, we have ASX 200 rare earths producer Lynas. So far this Tuesday, a hefty 23.35 million Lynas shares have been bought and sold on the share market. Again, there's been nothing fresh out of Lynas itself. But this company has been under a bit of a cloud lately.

As we touched on earlier today, investors still seem a bit shaken by recent comments by Tesla CEO Elon Musk, who just came out with some insights about the future of using rare earths in electric vehicles (or lack thereof).

Lynas shares are down another 1.34% today to $7.35 a share so far and have lost more than 10% in the past week. This selling pressure probably explains the high volumes of Lynas shares trading today.

Sayona Mining Ltd (ASX: SYA)

Finally this Tuesday, we have ASX 200 lithium stock Sayona. A whopping 62.7 million Sayona shares have been traded on the share market so far this session. This isn't a hard one to work out. Sayona has just returned from a trading halt with new plans for a capital raise.

As we went through this morning, Sayona was able to place almost 175,000 new shares at a decent premium to where the shares were halted at. This seems to have given investors confidence, with the Sayona share price up a pleasing 7.23% at 25 cents a pop right now. No wonder so many shares are zooming around.

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