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

Massive share price volatility is driving trading volumes this Tuesday.

| More on:
a man sits at a computer amid piles of papers to each side and behind him

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's been a fairly dreary Tuesday for ASX shares and the S&P/ASX 200 Index (ASX: XJO) today. After eking out a small gain yesterday, the ASX 200 looks like it is set to record a loss for this Tuesday's session, with the Index presently nursing a 0.39% loss, putting it at just under 7,240 points.

Bummer. But rather than dwelling on all of that, let's now take note of the ASX 200 shares that are currently at the top of the share market's trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

South32 Ltd (ASX: S32)

The first company worth a gander today is ASX 200 mining giant South32. So far this session, a notable 13.4 million South32 shares have been traded on the ASX. We haven't seen any news from the company itself that might explain this volume, save for a routine share buyback notice. So it's probably the result of the shaky performance of the company's shares themselves.

South32 had a rough start to the morning, dropping as low as $4.015 a share. But investors seem to have recovered their confidence as the day has gone on, with the miner now up a healthy 0.5% at $4.06 a share. This bouncing around probably explains the volumes we are seeing.

Core Lithium Ltd (ASX: CXO)

Next up, we have ASX 200 lithium stock Core Lithium. This Tuesday has seen a sizeable 19.42 million Core shares swap hands as it currently stands. With no fresh news out of Core either, it again seems like the company's shares themselves are to thank for this activity.

Core Lithium has spent time in both positive and negative territory this session, rising as high as $1.20 a share (up 2%) and going as low as $1.16 (down 0.85%). This volatility would explain the elevated volumes on display. Core Lithium is currently trading for $1.182 a share, up 1.03%.

Pilbara Minerals Ltd (ASX: PLS)

Last but certainly not least in terms of trading volumes, we have another ASX 200 lithium stock in Pilbara Minerals. A hefty 26.9 million PIlbara shares have found a new home on the ASX so far today. Once more, it looks as though share price volatility is the smoking gun here.

Like the other shares on this list, Pilbara has had a shaky day today, with time in both the red and green. We've seen Pilbara rise as high as $4.81 a share but sink as low as $4.71 – a difference of 1.8%. All of this bouncing around is again the likely source of the big trade volumes we are witnessing. The Pilbara share price is now $4.79, 1.27% higher than yesterday's close.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best-performing ASX 200 shares in March

These shares made their shareholders smile in March thanks to some very big gains.

Read more »

Businessman using a digital tablet with a graphical chart, symbolising the stock market.
Opinions

2 ASX shares I have been buying in 2024!

I’m a believer in the long-term outlook of these stocks.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Burgundy Diamond Mines, Clarity Pharmaceuticals, EML, and Zip are sinking today

These ASX shares are ending the week in the red. But why?

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

a young boy dressed up in a business suit and tie has a cute grin and holds two fingers up.
Opinions

2 of my top ASX 200 shares to consider buying before April

I would happily exchange dollars for these two shares right now.

Read more »