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

Some big moves in the lithium space are driving trading volumes 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 12, 2023 3:29 pm AEST

What a week this week is turning out to be for the S&P/ASX 200 Index (ASX: XJO). After rocketing a solid 1.26% yesterday, the ASX 200 is keeping the post-Easter party going today with another session of strong gains.

At the time of writing, the Index is up by a happy 0.43%, putting the ASX 200 back over 7,340 points. The chocolate rush certainly shows no signs of abating.

But time now to take a look at the shares that are currently at the peak of the ASX 200's share trading volume charts so far this session, according to investing.com.

Boy looks quizzical standing in front of a graph. — Image source: Getty Images

The 3 most traded ASX 200 shares by volume this Wednesday

Nickel Industries Ltd (ASX: NIC)

ASX 200 nickel producer Nickel Industries is first up for examination. This Wednesday has seen a notable 16.337 million Nickel Industries shares bought and sold thus far. After announcing a new issuance of notes yesterday morning, we haven't heard anything out of Nickel Industries today.

However, that hasn't stopped this ASX share from making a big move. At present, Nickel Industries shares have gained an impressive 3.59% this session to 93.75 cents a share. It seems this big move upwards is to thank for this company's presence here today

Sayona Mining Ltd (ASX: SYA)

Next up this Wednesday is ASX 200 lithium share Sayona Mining. So far this session, a sizeable 17.97 million Sayona shares have slid across the share market. There hasn't been any fresh news out of Sayona so far today. So this volume is probably a result of the volatility we have seen with this company on the markets today.

Sayona has spent time in both positive and negative territory. The lithium miner is currently up by 1.03% at 19.7 cents per share but dropped to 19.2 cents earlier this morning (down 1.5%). It's this bouncing around that probably explains why so many shares are trading.

Pilbara Minerals Ltd (ASX: PLS)

Third and finally, let's check out another ASX 200 lithium stock in Pilbara Minerals. A hefty 22.62 million PIblara shares have changed hands on the markets today as it currently stands. There's been no news out of Pilbara today either.

But, regardless, the Pilbara share price has tanked by a nasty 3.39% at present to $3.565 a share. My Fool colleague James posited that this could be a result of concerns that lithium prices could have further to fall. But it's this large sell-off that we can probably thank for the high volumes on display here.

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