It seems the S&P/ASX 200 Index (ASX: XJO) doesn’t quite know what it wants out of this Monday. At the time of writing, the ASX 200 is essentially flat at 6,985 points after spending most of the morning in negative territory.
So rather than trying to figure all of that out, let’s instead dig a little deeper into the markets and check out the ASX 200 shares that are topping the share market’s trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Monday
Telstra Corporation Ltd (ASX: TLS)
Telstra is our first ASX 200 share that is experiencing high trading volumes today. So far this Monday, the telco has seen a hefty 12.62 million of its shares bought and sold. There hasn’t been any news or announcements out of Telstra so far today.
As such, we can probably put this volume down to the movements of the Telstra share price itself. This telco has had an interesting day. It’s currently flat at $3.96 a share, but has swung as high as $3.98 and as low as $3.91 over the trading day thus far. It’s this volatility that is probably behind this high volume.
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium producer Pilbara is our next share up this Monday. So far today, a sizeable 17.91 million Pilbara shares have found new homes. Pilbara is another share that has had a rather wild time of it on the markets today.
The company released a quarterly update this morning which disclosed disappointing production numbers, but higher realised prices for lithium. The markets have reacted positively so far, sending Pilbara 1.4% higher at the time of writing to $3.26 a share. These developments are probably helping to push up Pilbara’s trading volumes today.
BHP Group Ltd (ASX: BHP)
ASX 200 mining giant BHP is our final and most traded share of the day thus far. The ‘Big Australian’ has seen a whopping 17.97 million of its shares trade hands this Monday.
As we covered earlier this morning, this is probably the result of BHP completing its unification program. This saw the company wind up its London listing to become a fully listed ASX share once more. As a result, we might be seeing an influx of old London shares to the ASX today, which would explain this high volume we see.
The post These 3 ASX 200 shares are topping the volume charts on Monday appeared first on The Motley Fool Australia.
Should you invest $1,000 in BHP right now?
Before you consider BHP, you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and BHP wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
*Returns as of January 13th 2022
More reading
- How does the Macquarie (ASX:MQG) dividend compare to the big four banks?
- Telstra (ASX:TLS) boosts IoT cred with new acquisitions
- Could Australian Ethical (ASX:AEF) be about to launch a new ASX ETF?
- These are the 10 most shorted ASX shares
- ASX 200 (ASX:XJO) midday update: Ansell crushed, ResMed upgraded
Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/1cyM4NCxU
Leave a Reply