These 3 ASX 200 shares are topping the volume charts this Monday

blue arrows representing a rising share price ASX 200

The S&P/ASX 200 Index (ASX: XJO) has kicked off the trading week on a disappointing note so far this Monday. At the time of writing, the ASX 200 has lost around 0.32% at 7,467 points so far. 

So let’s not dwell too much on that figure, and instead, let’s 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 on Thursday

Fortescue Metals Group Limited (ASX: FMG)

ASX 200 iron ore mining giant Fortescue is our first ASX 200 share to check out today. Fortescue has seen a hefty 10.26 million of its shares trade on the markets so far this Monday. With no news or announcements out of the company so far, we can probably assume this volume is the result of the movements in the Fortescue share price today.

Fortescue shares are currently up a healthy 1.02% to $15.91 each at the time of writing, a meaningful outperformance of the broader ASX 200. This is the likely reason why this company finds itself on this list today.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium producer Pilbara is next up. Pilbara has watched a sizeable 13.69 million shares find new owners so far today. Again, there are no major developments out of Pilbara thus far this Monday, so we can probably assume this high trading volume stems from the volatility the Pilbara share price has shown over the trading day thus far.

Pilbara shares rocketed as high as $2.51 earlier this morning (a rise of close to 3%). However, these gains have tempered since, and Pilbara is currently trading at $2.46 a share, up a more muted 0.82% so far today. This volatility is the likely cause of such high trading volume.

Incitec Pivot Ltd (ASX: IPL)

And our final and most traded ASX 200 share so far today goes to the fertiliser and explosives manufacturer, Incitec Pivot. Incitec has seen a chunky 14.78 million of its shares bought and sold so far today. We can probably put this down to the full-year results this company released this morning before market open. As my Fool colleague James covered earlier, these results included the revelation that Incitec managed to grow its revenues by 10% over FY2021, with net profit after tax up 91% to $209 million.

Investors have clearly liked what they’ve seen, as the Incitec share price has popped by roughly 5% so far today to $3.28 a share. Investors sent the company up as high as $3.67 earlier today too (up 11.4%), so that would have also contributed to this high trading volume.

The post These 3 ASX 200 shares are topping the volume charts this Monday appeared first on The Motley Fool Australia.

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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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