The S&P/ASX 200 Index (ASX: XJO) has had a shaky, but overall negative day so far this Thursday. After the brutal sell-off we witnessed yesterday, the ASX 200 opened sharply lower again this morning.
But investors seem to have mellowed as the day has gone on. After being down by 0.7% in early trading, the Index has recovered somewhat and is now almost flat at 7,196.9 points at the time of writing.
But rather than trying to figure all of that out, let's instead take a glance at the ASX 200 shares that are presently at the top of the share market's trading volume charts, according to investing.com.
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The 3 most traded ASX 200 shares by volume this Thursday
Pilbara Minerals Ltd (ASX: PLS)
Our first ASX 200 share worth a look at today is the lithium stock Pilbara Minerals. This session has had a decent 13.85 million Pilbara shares exchanged on the markets thus far. There hasn't been any fresh news out of Pilbara thus far. However, the company's shares have still shown some of their trademark volatility.
Pilbara has had a very bouncy day indeed. The lithium producer is currently up by 0.95% at $4.24 a share but has fluctuated between $4.21 and $4.29 a share all day. It's this volatility that probably explains the high volumes we are seeing.
Ooh!Media Ltd (ASX: OML)
Next up we have ASX advertising company Ooh!Media to examine. So far today, a notable 14.72 million shares of this company have changed hands. This volume is almost certainly a result of the truly awful week Ooh!Media has had.
Yesterday, we covered how the company lost around a third of its value after posting a poorly-received trading update. The pain continues today, with Ooh!Media shares down another 5.48% to $1.17 each right now. No wonder so many shares are flying around.
National Australia Bank Ltd (ASX: NAB)
Our final share is a rare guest appearance today. ASX 200 big four bank NAB is currently at the top of the ASX 200's volume charts at present, with a sizeable 17.54 million shares bought and sold. NAB is here for a good reason. It has seen a nasty sell-off today after posting a difficult earnings report.
As we covered at the time, this saw NAB announce lower-than-expected earnings and dividends for the six months to 31 March 2023.
Investors were quick to send NAB down by more than 7% this morning, but have since tempered their disappointment, with the bank now down by 5.7% at $26.92 a share. It's this sell-off that almost certainly explains this elevated trading volume that we are seeing.
