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

A big earnings report from Qantas is affecting volumes this Thursday…

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The S&P/ASX 200 Index (ASX: XJO) is having yet another down day so far this Thursday. After dropping for most of the trading week, the ASX 200 has sunk once again today. At present, the Index has lost another 0.41%, which pulls it down to below 7,290 points.

But let's try to stay positive this Thursday. So instead of dwelling on all of that, it's now time to take a look at the stocks dominating the ASX 200 shares trading volume charts right now, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

Pilbara Minerals Ltd (ASX: PLS)

First up this Thursday is the ASX 200 lithium producer Pilbara Minerals. So far today, a chunky 19.85 million Pilbara shares have bounced around the ASX. There's been no fresh news out of Pilbara today after the new debt facility announcement yesterday.

But that hasn't stopped the Pilbara share price from rocketing a pleasing 4.46% so far this session to $4.45 a share. Thus, it is probably this sharp move higher that is causing the volumes we see.

Qantas Airways Limited (ASX: QAN)

ASX 200 airline Qantas is our next share this session. As it currently stands, a decent 21.69 million Qantas shares have flown over to new owners thus far. This one is a little easier to work out.

Qantas delivered its latest earnings report this morning. And investors have given the report card a convincing thumbs down. As we covered earlier, Qantas reported a 222% rise in revenues and swung back to profitability. The airline also announced a new share buyback program.

But perhaps investors were expecting more, maybe even the resumption of dividend payments. That's going off of Qantas shares' hefty 6.49% loss so far today, which is the probable cause of so many shares trading.

AMP Ltd (ASX: AMP)

Our third and most traded ASX 200 share today is financial services company AMP. AMP has seen a sizeable 23.64 million shares trade hands at this point of the session. There's been no fresh news out of AMP since it reported its own earnings earlier this month, save for another routine share buyback notice today.

This could be causing the high volumes on display. But the AMP share price has also displayed some volatility today, bouncing between $1.07 and $1.09, which could also be helping.

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.

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