In some sweet relief, the S&P/ASX 200 Index (ASX: XJO) is rebounding strongly today after the savage selloff we saw earlier in the week. At the time of writing, the ASX 200 is up by a healthy 1.14% at just over 7,340 points.
So let’s dig deeper into these gains and have a look at the shares currently topping the ASX 200’s volume charts, according to investing.com.
Paladin Energy Ltd (ASX: PDN)
Paladin Energy is first up today. This ASX 200 uranium share has had a hefty 31.7 million of its shares change hands as it currently stands. Paladin is under pressure today after the release of its quarterly report for the three months ending 31 March.
As my Fool colleague Bernd covered, Paladin reported that its Langer Heinrich Mine remains in limbo. This seems to have spooked investors, who have sent the Paladin share price down by more than 5% today. These two events have likely resulted in the high trading volumes we are witnessing.
AVZ Minerals Ltd (ASX: AVZ)
ASX 200 lithium stock AVZ Minerals is our next cab off the rank today. AVZ has watched a notable 35.37 million of its shares trade on the markets thus far. This follows the release of the company’s own quarterly activities report this morning.
Investors mustn’t have liked what they saw, seeing as the AVZ share price is currently down by a nasty 4.46% at 96 cents a share, bucking the positive trend we see across some other ASX lithium stocks. It’s this sharp move downward that is probably behind this elevated trading volume we see.
AMP Ltd (ASX: AMP)
Financial services provider and former ASX 200 blue-chip AMP is our final and most traded share of the day thus far. At the time of writing, a whopping 45.09 million AMP shares have been bought and sold so far today. We don’t have to look too far for this one.
As we covered this morning, AMP has just reported that it has found a buyer for its Collimate Captial international infrastructure equity business in DigitalBridge. AMP is set to receive $699 million for this asset. Investors clearly approve, seeing as the AMP share price is currently up an impressive 14.63% so far today at $1.148 a share. No wonder so many AMP shares have found a new home today.
Source: Read More