These 3 ASX 200 shares were the most heavily traded today

Which ASX 200 share was being the most heavily traded today?

| More on:
active person star jumping amid city landscape

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

sdf

The S&P/ASX 200 Index (ASX: XJO) looks set to end the trading week on a decidedly low note. At the time of writing, the ASX 200 is down a very hefty 1.22% to 7,252 points.

But rather than dwell on that depressing note, let's instead check out some of the ASX 200 shares that were being the most heavily traded on the share market today:

3 of the most heavily traded ASX 200 shares today

Endeavour Group Ltd (ASX: EDV)

One of the ASX 200's newest companies, Endeavour is certainly making some waves with its trading volume today. At the time of writing, a relatively large 17.59 million Endeavour shares have swapped hands so far.

That's despite no major news or announcements out of Endeavour this Friday, and a relatively flat share price performance. Currently, the Endeavour share price is dead flat, sitting at $6.23 a share. In saying that, Endeavour has managed to largely avoid the market malaise of the broader ASX 200. So perhaps that is spurring trading volumes today.

Telstra Corporation Ltd (ASX: TLS)

Telstra is another ASX 200 share that is making moves today. So far, a substantial 17.10 million Telstra shares have changed owners today. Much like Endeavour, the Telstra share price is also dead flat at the time of writing, sitting at $3.75 a share. There is also no major news or announcements from this telco. Telstra is a large company by market capitalisation, but one with a relatively low share price. This tends to support high trading volumes on average.

It's also worth noting that the Telstra share price did dip during intra-day trading, falling as low as $3.70 (more than 1%) before recovering back to its current level. Perhaps it's this movement that has accentuated Telstra's trading volumes.

Challenger Ltd (ASX: CGF)

Challenger is our ASX 200 winner today in terms of trading volume, with 17.61 million Challenger shares having found a new home so far this Friday.

On Wednesday, we saw the Challenger share price jump a massive 14% on news that a couple of US companies have banded together to acquire a 15% stake in the company.

Over yesterday and today, we have seen the company retreat from the high point it reached early on Wednesday trading, including a 2.2% drop so far today. It's probably these events that are still fuelling higher than average trading volumes of this ASX 200 annuities provider.

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Challenger Limited and Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A young man wearing a black and white striped t-shirt looks surprised.
Broker Notes

These ASX 200 shares could rise 25% to 80%

Analysts think big returns could be on offer from these shares.

Read more »

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors were nervous this Friday, ending the week on a sour note.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Share Market News

Where to invest $5,000 into ASX 200 shares this month

The team at Bell Potter is bullish on these names. But why?

Read more »

Man pointing an upward line on a bar graph symbolising a rising share price.
52-Week Highs

8 ASX 200 shares hitting multi-year highs today

These shares have defied the trend, hitting new price milestones amid a day in the red for the ASX 200.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy today

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

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Why EOS, Evolution Mining, Renascor, and Woodside shares are jumping today

These shares are ending the week on a high. But why?

Read more »

Person with thumbs down and a red sad face poster covering the face.
Share Fallers

Why Accent, Cettire, Ioneer, and Pro Medicus shares are dropping today

These shares are ending the week in the red. What's going on?

Read more »

A group of three miners in hard hats and high visibility vests confer at a rocky mining site.
Broker Notes

Up 66% in a year, just how much more upside does Macquarie tip for Perseus Mining shares?

Just how much higher might Perseus Mining shares soar? Here’s what Macquarie had to say about the ASX 200 gold…

Read more »