It's turning out to be another positive session for the S&P/ASX 200 Index (ASX: XJO) so far this Thursday, despite a shaky start to the morning. The ASX 200 appears to be building on yesterday's gains with another encouraging day of trading thus far. At the time of writing, the Index is presently enjoying a 0.09% bump, putting it up to just over 7,370 points.
Hooray for Thursday. But let us now delve a little deeper into these pleasing market moves by checking out the shares that are currently topping the ASX 200's share trading volume charts at present, according to investing.com.
The 3 most traded ASX 200 shares by volume this Thursday
Mirvac Group Ltd (ASX: MGR)
First up is the ASX 200 real estate investment trust (REIT) Mirvac. So far today, a decent 10.35 million Mirvac units have moved brokerage accounts on the ASX. There hasn't been any recent news that might explain this volume out of Mirvac itself. So let's turn to the unit price in search of an explanation here. Mirvac has indeed had a bit of a bumpy ride this Thursday.
Right now, the REIT is flat at $2.26 a unit. But Mirvac has bounced around quite a bit today and was up more than 1.5% at one point, climbing up to $2.30 a unit. It's this fluctuating valuation that probably explains this REIT's presence here today.
Telstra Group Ltd (ASX: TLS)
Next up we have the ASX 200 telco Telstra. This trading session has had a chunky 21.43 million of its shares called in for trading at this point. There hasn't been any news out of Telstra itself today. Or indeed over April so far.
But Telstra shares have also had a volatile session today. The communications giant is currently down by 0.12% at $4.26 a unit. But Telstra has spent time in both positive and negative territory this session, bouncing between $4.25 and $4.31 a share all day.
With Telstra's size and relatively low share price, this is probably what has caused this high trading volume. A new broker buy rating probably isn't hurting either.
Pilbara Minerals Ltd (ASX: PLS)
Lastly, let's check out ASX 200 lithium stock Pilbara Minerals. Pilbara is topping the volume charts so far, with a hefty 27.27 million shares bought and sold as it currently stands. Once more, it looks like this could be the result of some share price movements. In Pilbara's case, we are seeing a rather nasty slide going on here. The PiIbara share price is presently nursing a 4.3% loss, putting it down to $3.91 a share.
That's despite no fresh news from the company. Pilbara was up more than 3% yesterday though, so this could just be some good old-fashioned 'reversions to the mean' going on here. Either way, this steep sell-off is probably what is driving these elevated volumes we are witnessing.
