Yes, volume significantly influences share prices in the stock market. High trading volumes during price movements confirm the strength and sustainability of trends, indicating strong market participation. Investors often interpret increased volume as a sign of conviction, making the price movement more reliable. Conversely, low volume during price changes may signal potential reversals or weak trends, suggesting a lack of broad market support. By analysing volume alongside price charts, traders and investors gain crucial insights into market dynamics, helping them make informed decisions and better understand the underlying sentiment driving share prices.