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

A new 52-week high is one of the factors driving trading volumes on the ASX 200 this Tuesday.

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It's been a bouncy, but overall positive day for the S&P/ASX 200 Index (ASX: XJO) thus far this Tuesday. After a shaky start to trading this morning, the ASX 200 has vaulted back into green territory following the Reserve Bank of Australia's (RBA) decision to leave interest rates unchanged in April, breaking a ten-month streak of rises.

At the time of writing, the index has lifted by a decent 0.13% to back over 7,230 points.

But let's now dive deeper into these Tuesday market gyrations by taking stock of the ASX 200 shares that are presently at the peak of today's share trading volume charts, according to investing.com.

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The 3 most traded ASX 200 shares by volume this Tuesday

AGL Energy Limited (ASX: AGL)

Our first ASX 200 share worth a look at today is a company that doesn't often appear on this list. Energy generator and retailer AGL has had a chunky 20.76 million of its shares bought and sold on the markets thus far. There's been no news or announcements out of AGL itself for a while. So it seems this high volume is the result of the movements of AGL shares themselves.

This company has indeed had a rather wild session so far this Tuesday. AGL closed at $8.21 a share yesterday but opened at $8.28 this morning before going as high as $8.32. But investors seem to have cooled off on the company, and AGL is now back down to $8.22 a share at present, up 0.18% for the day. This volatility probably explains the high trading volumes we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

Next up is a far more familiar face in ASX 200 lithium share Pilbara Minerals. So far during today's trading, a meaningful 23.92 million Pilbara shares have been exchanged on the markets. We haven't seen any news out of Pilbara directly today either. Or indeed this week.

But that hasn't stopped this company from having an even wilder trading day than AGL. Pilbara has had a few stints in both positive and negative territory today. But investors have taken a turn for the worse over the afternoon, with Pilbara now down a nasty 2.6% at $3.70 a share. That's despite the company climbing as high as $3.84 earlier this morning.

Again, it looks like it's this volatility that we have to thank for Pilbara's trading volumes this Tuesday.

Telstra Group Ltd (ASX: TLS)

Last but certainly not least when it comes to trading volumes, we have ASX 200 telco Telstra. A large 24.96 million Telstra shares have changed hands on the markets as it currently stands. Telstra is having a top run so far this session and has even set a new 52-week high.

This afternoon, the telco hit $4.27 a share, which is the highest level Telstra has traded at since 2017. Right now, the shares are up a solid 1.07% at $4.26. It's this strong rise, as well as the new 52-week high, that probably explains why this telco is topping our list this Tuesday.

Motley Fool contributor Sebastian Bowen has positions in Telstra Group. 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 positions in and has recommended Telstra Group. 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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