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

Some big market moves are driving ASX 200 trading volumes this Wednesday.

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 May 3, 2023 3:12 pm AEST

Things are going from bad to worse for the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday. Investors appear to have taken the Reserve Bank's decision to raise interest rates yesterday to heart.

At the time of writing, the ASX 200 has fallen by a nasty 1.26%, putting the Index at 7,176 points.

But let's not let all of that ruin our Wednesdays. So Instead, let's take stock of the shares that are currently at the top of the ASX 200's share trading volume charts, according to investing.com.

a man sits at a computer amid piles of papers to each side and behind him — Image source: Getty Images

The 3 most traded ASX 200 shares by volume this Wednesday

Whitehaven Coal Ltd (ASX: WHC)

The first share up today is the ASX 200 coal miner Whitehaven. This Wednesday has seen a decent 11.56 million Whitehaven shares change hands as it currently stands. There hasn't been any major news out of Whitehaven today.

But that hasn't stopped the company from having a bit of a bouncy day. Whitehaven has spent time in both positive and negative territory but is currently down by 0.55% at $7.18 a share. This erratic showing today seems to be behind these high volumes.

Pilbara Minerals Ltd (ASX: PLS)

Next up we have ASX 200 lithium share Pilbara Minerals. So far this session, a notable 20.09 million Pilbara shares have swapped owners on the markets.

Unlike most ASX 200 shares, Pilbara is happily defying the market sell-off today, currently posting a healthy 2.56% gain to $4.205 a share. With no significant news out of Pilbara today either, it's probably this gain that we have to thank for the lithium stock's presence in this list.

Ooh!Media Ltd (ASX: OML)

Finally, let's discuss outdoor advertising company Ooh!Media. A whopping 28.62 million Ooh!Media shares have been bought and sold at this point of the trading day. This one isn't too hard to figure out. Ooh!Media is having a shocker.

The company is currently down by more than 23% after posting a poorly received trading update to investors this morning. With a sell-off of that scale, it's no surprise to see Ooh!Media topping out today's volume charts.

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