The S&P/ASX 200 Index (ASX: XJO) is kicking off the week’s trading on the wrong foot this Monday. At the time of writing, the ASX 200 is down by 0.22% at 7,440 points. But rather than dwelling on that miserly figure, let’s instead check out the ASX 200 shares that are currently topping the ASX trading volume charts, according to investing.com.
3 most active ASX 200 shares by volume this Monday
Incitec Pivot Ltd (ASX: IPL)
Fertiliser and explosives manufacturer Incitec Pivot is our first ASX 200 share to check out today. Incitec has seen a hefty 8.69 million of its shares bought and sold so far this Monday. This might be related to the ASX announcement the company put out early this morning.
Incitec told investors that it would be closing manufacturing at its Gibson Island fertiliser plant by the end of next year due to rising gas prices. The Incitec share price is currently down by 1.27% at $3.11 a share. The combination of these factors is probably why we are seeing some elevated trading volume here.
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium producer Pilbara is next up today. So far this Monday, Pilbara has seen a sizeable 10.25 million of its shares changing owners. With not much in the way of news or announcements out of Pilbara today, this is probably a consequence of the nasty 3.18% drop to $2.285 Pilbara shares have suffered so far today. It’s this steep fall in value that has likely prompted this surge in trading volume for Pilbara.
Sydney Airport (AS:X SYD)
And last but certainly not least today, we have the ASX 200 infrastructure stalwart Sydney Airport. A whopping 48.46 million SYD shares have swapped hands so far this Monday. Of course, it’s not too hard to see why this is occurring.
This morning, Sydney Airport announced that it has accepted a bid to acquire the $22.86 billion company for a price of $8.75 a share and will recommend shareholders vote in the affirmative in the absence of any superior offers. Sydney Airport shares are currently up 2.86% at $8.46 each so far today.
The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.
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More reading
- AFIC (ASX:AFI) shares have a net tangible asset backing of $7.51 each. What does this mean?
- Why API, Evolution, Flight Centre, and Sydney Airport shares are pushing higher
- Sydney Airport (ASX:SYD) share price lifts off following takeover news
- Why has the ANZ (ASX:ANZ) share price dropped 2% today?
- ASX 200 (ASX:XJO) midday update: Sydney Airport agrees to takeover, Wesfarmers’ strikes API deal
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 Bruce Jackson.
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