The S&P/ASX 200 Index (ASX: XJO) has started the week off on a rather shaky footing. At the time of writing, the ASX 200 has dipped back into negative territory at 7,120 points (down 0.07%) after spending most of the morning in the red.
But rather than trying to figure that out, let’s instead have a look at the ASX 200 shares that are topping the share market’s volume charts right now, according to investing.com.
The 3 most traded ASX 200 shares by volume so far on Monday
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telco Telstra is the first share up this Monday. So far, a notable 10.53 million Telstra shares have traded on the share market today. There hasn’t been much news out of this company that might explain this move though. So let’s check out what the Telstra share price is up to.
As it stands currently, Telstra shares are currently down 0.37% at $4.04 a share after going as low as $3.99 earlier this morning. It’s likely that this move is responsible for Telstra’s presence on this list so far today.
Beach Energy Ltd (ASX: BPT)
Beach Energy is our next ASX 200 share up today. This Monday has seen a hefty 10.95 million Beach shares traded on the markets so far. Again, there are no major official developments from this energy company to report today.
But the Beach share price has still managed to continue its recent run in style. Beach shares are currently up a robust 2.7% at $1.54 each, putting its year to date gains in 2022 so far at a very pleasing 17% or so. It’s this move upwards today that has probably resulted in Beach Energy’s elevated trading volumes.
Sydney Airport (ASX: SYD)
ASX 200 infrastructure company Sydney Airport is last but certainly not least in terms of trading volume today. So far, we’ve seen a sizeable 19.41 million Sydney Airport shares fly to a new home this Monday. The Sydney Airport share price hasn’t done a whole lot though. It’s currently flat at $8.71 a share. However, it’s probable that this company’s imminent takeover is playing a large role in this elevated trading volume.
Since shareholders have now given the takeover offer from Sydney Aviation Alliance the green light, this company will soon be removed from the ASX and delisted. This will see Sydney Airport also removed from the ASX 200 Index. These processes are probably what is behind this last-minute rush of trading we appear to be witnessing this Monday.
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 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.
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