But let’s dive a little deeper into these market moves by taking a look at the shares topping the ASX 200’s volume charts right now, according to investing.com.
The 3 most-traded ASX 200 shares by volume this Thursday
BHP Group Ltd (ASX: BHP)
The Big Australian is not an ASX 200 share that often graces this list. But here we are. So far today, a hefty 9.96 million BHP shares have swapped hands. This comes after the mining giant delivered its quarterly operational update this morning covering the three months to 31 March.
As my Fool colleague James went through, this update didn’t seem to fulfil all investors’ expectations. This is further evidenced by BHP’s nasty 2.6% drop today to just under $51 a share at the time of writing. It’s this combination that has probably led to some higher-than-normal trade volumes for the miner.
Alumina Limited (ASX: AWC)
Another ASX 200 resources share in Alumina is next up. This aluminium producer has had a notable 11.62 million shares change owners so far today. There has been no news out of Alumina itself.
However, Alumina’s partner, the US-based Alcoa, has just reported its own set of quarterly earnings as well. Investors don’t seem too impressed though, given that the Alumina share price is currently down a depressing 3.6% at $1.88 a share. It’s this steep drop that is likely the cause of the elevated trading volumes we are seeing.
Telstra Corproation Ltd (ASX :TLS)
ASX 200 telco Telstra is our third and final share to take a gander at this Thursday. So far today, a sizeable 13.06 million Telstra shares have been bought and sold on the markets. In this case, there are no news or announcements out of the company to speak of at all, save for a routine share buyback notice.
So it could be some share buybacks, as well as the 0.4% gain Telstra has notched so far today to $4.04 a share, which could be behind this high volume of shares that have been traded thus far
Read More: Here are the 3 most heavily traded ASX 200 shares on Thursday