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

ASX lithium shares are dominating today's trading volume charts.

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 9, 2023 3:36 pm AEST

The S&P/ASX 200 Index (ASX: XJO) seems to have taken a turn for the worse today. After yesterday's positive start to the trading week, the ASX 200 has retreated so far this session. At the time of writing, the index has gone backwards by 0.21%, leaving it at just over 7,260 points.

But let's try not to dwell on all of that. So instead, it's time for a look at the shares that are currently at the top of the ASX 200's share trading volume charts right now, 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 Tuesday

Stockland Corporation (ASX: SGP)

First up today is a rare appearance on this list in ASX 200 real estate investment trust (REIT) Stockland. So far today, a notable 13.69 million Stockland units have been exchanged on the ASX boards. There's been no news out of this ASX 200 REIT itself today.

However, the Stockland unit price has had a bit of a rough time of it today. At present, Stockland is down by a nasty 2.62% at $4.46 a unit, well underperforming the broader market. It seems that this rather steep fall is what's behind this high volume that we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

Next up we have a more familiar face in Pilbara Minerals. Today's session has seen a sizeable 21.78 million Pilbara shares swap hands as it currently stands. This looks like it is a result of Pilbara's market-defying gains.

This lithium producer, like most of its peers, is comfortably in the green so far this Tuesday. Pilbara shares are presently up by 1.41% at $4.66. As we covered earlier today, the strength in the ASX lithium space seems to be due to optimism that lithium prices might be on the rebound.

Sayona Mining Ltd (ASX: SYA)

Another ASX 200 lithium stock in Sayona Mining rounds out our top three most traded shares this Tuesday. In Sayona's case, investors have watched as a chunky 26.81 million shares have been bought and sold today. However, unlike Pilbara, it hasn't been all smooth sailing for Sayona.

This lithium share has spent time in both positive and negative territory this session, going as high as 20.6 cents a share and as low as 19.8 cents. At present, the company has met the middle and is trading flat at 20 cents. All of this bouncing around probably explains why so many Sayona shares are soaring around the share market.

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