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

Some big gains and losses are driving ASX trading volumes this Friday.

| More on:
a woman struggles to hold a large pile of folders and documents with only her eyes appearing over the top of the pile.

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 looking like a very happy end to the trading week indeed for the S&P/ASX 200 Index (ASX: XJO) so far this Friday. After rising every single session over the week so far, the ASX 200 is on track to make it five out of five today. At present, the Index has recorded a gain of 0.82%, lifting it back above 7,180 points. 

What a way to start the weekend (touch wood). But time now to turn to the ASX 200 shares that are currently topping the share market's trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Friday

Pilbara Minerals Ltd (ASX: PLS)

First up we have ASX 200 lithium miner and producer Pilbara Minerals. This Friday has had a hefty 20.02 million Pilbara shares swap hands as it currently stands. We haven't heard anything out of Pilbara either today. However, we have had some love from ASX brokers that could be contributing to this volume.

As my Fool colleague covered this afternoon, ASX broker Citi has given Pilbara shares a buy rating and a price target of $4.60. But investors don't seem inspired and have sent the Pilbara share price down by 0.5% so far to $3.97 a share. Maybe it's this combination that has resulted in so many shares flying around.

Mirvac Group (ASX: MGR)

Next up today is the ASX 200 real estate investment trust (REIT) Mirvac Group. This Friday has seen a sizeable 21.17 million Mirvac units find a new home over the trading day thus far. This is a rather interesting case to look at. There hasn't been much in the way of fresh news or announcements out for a while from this REIT.

So we must conclude that this volume is a result of the unit price movements of the trust itself. Mirvac has had a pretty positive day. The REIT opened at $2.09 per unit after closing at $2.07 yesterday and has gone as high as $2.10 this session. At present, Mirvac is asking $2.08 a unit, up 0.48% for the day so far.

Sayona Mining Ltd (ASX: SYA)

Our third, final and most traded ASX 200 share this Friday is another lithium stock in Sayona Mining. This session has seen a whopping 35.9 million Sayona shares find a new ASX home so far. This is another interesting case.

This morning, Sayona shares rocketed up as high as 22 cents each (up nearly 4%) after the company announced that its North American Lithium project has been restarted.

But investors seem to have gotten a major case of cold feet since, with Sayona shares now down by a nasty 2.44% at 20 cents apiece. This volatility is almost certainly behind this elevated trading volume on display here.

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 young smiling couple out hiking enjoy a view from the top of the mountains.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors enjoyed a rosy end to the trading week this Friday.

Read more »

A fun depiction of summer Santa Claus -- wearing red swimming trunks and Hawaiian shirt -- sitting in a deck chair on his laptop at the beach.
Opinions

2 ASX stocks on my naughty list this Christmas

Nothing but coal in the stockings of these disappointing companies.

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
Record Highs

The multi-billion-dollar ASX tech share hitting new highs on broker bullishness

This ASX tech share darling is up 216% in the year to date and just reset its record price.

Read more »

Cheerful businessman with a mining hat on the table sitting back with his arms behind his head while looking at his laptop's screen.
Resources Shares

Fortescue shares are galloping again as Twiggy stays confident in China's horsepower

It's business as usual for the miner despite Trump's promised 60% tariffs on Chinese imports.

Read more »

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today
Share Gainers

How these 3 ASX 200 stocks led the charge higher this week

The three top ASX 200 stocks are up 14% to 34% this week.

Read more »

Businessman working and using Digital Tablet new business project finance investment at coffee cafe.
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 man clenches his fists in excitement as gold coins fall from the sky.
Share Gainers

Why Imugene, Neuren, Sigma, and Smartgroup shares are charging higher

These shares are ending the week on a high. But why? Let's find out.

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Arcadium Lithium, Block, Jumbo, and Mineral Resources shares

These shares are ending the week in the red. Why are investors selling them?

Read more »