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

We have some strange happenings on our most-traded shares list today.

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 April 5, 2023 3:42 pm AEST

The S&P/ASX 200 Index (ASX: XJO) is having a very shaky day of trading as it currently stands this Wednesday. The ASX 200 can't seem to make up its mind about what to do today, having spent multiple stints in both positive and negative territory thus far.

At the time of writing, the index is in the red, but only just, presently down by 0.005% at just over 7,230 points. Who knows where it will end up at the end of the day.

But rather than trying to figure all that out, let's now turn to the shares that are currently topping the ASX 200's share trading volume charts, according to investing.com.

blue arrows representing a rising share price ASX 200 — Image source: Getty Images

The 3 most traded ASX 200 shares by volume this Wednesday

Telstra Group Ltd (ASX: TLS)

First up today is the ASX 200 blue chip share Telstra. This telco has had a notable 12.14 million of its shares find a new home on the ASX thus far this session. There's been no news out of Telstra itself today.

But that hasn't stopped the telco from printing yet another new 52-week high, one of several we have seen of late. Telstra is currently up by 0.47% at $4.27 a share but climbed as high as $4.30 this morning. It's probably this strong gain that has resulted in so many shares flying around.

Pilbara Minerals Ltd (ASX: PLS)

Next we have the ASX 200 lithium producer Pilbara Minerals to analyse. At this point of Wednesday's trading, a decent 16.7 million PIlbara shares have been changed on the ASX boards. We haven't heard much out of Pilbara lately either. But this ASX 200 share is having an opposite problem to Telstra. Its shares have sunk today, currently down by 0.41% at $3.68.

Saying that, Pilbara has also been up at various points of today's session, so it's been a pretty odd day for investors here. My Fool colleague dug into what might be up with lithium shares of late yesterday, but it's this volatility that is probably to blame for the high volumes we are seeing.

Cleanaway Waste Management Ltd (ASX: CWY)

Finally this Wednesday, we have a rare appearance by ASX 200 waste management company Cleanaway. This session has had a sizeable 53.47 million Cleanaway shares change hands as it currently stands. This is an even stranger case. There hasn't been any news out of Cleanaway for around a fortnight.

Saying that, the company's shares have had a pretty pleasant day, currently up by 1.26% at $2.41 a share. Normally, this wouldn't be enough to induce a 50-million-plus volume count, so perhaps a large investor has made a major trade today.

Automatic Renewal

By taking up this offer, you will also be enrolled in our auto-renewal program, which is our way of making your ongoing subscription easier by ensuring uninterrupted service. Don't worry, though – you're not locked in, and can cancel your auto-renewal at any time before each 'anniversary' date without question or penalty.