Here are the 3 most heavily traded ASX 200 shares on Monday

Boy looks quizzical standing in front of a graph.

Boy looks quizzical standing in front of a graph.

The S&P/ASX 200 Index (ASX: XJO) has a serious case of Mondayitis on the first day of the trading week so far. The index clearly fell out of the wrong side of the bed this morning and is down a nasty 1.25% at just under 7,340 points at the time of writing.

But rather than dwelling on that, let’s delve deeper into the share market today and check out the ASX 200 shares that are currently at the top of the market’s volume charts, according to

The 3 most-traded ASX 200 shares by volume this Monday

Telstra Corporation Ltd (ASX: TLS)

Our first ASX 200 share to check out today is blue chip Telstra. This telco has had a notable 11.14 million shares swap hands so far this Monday. There’s been a small announcement out from the company today. Telstra revealed this morning that its new chief financial officer is to be Michael Ackland, who will start in the role on 1 September.

However, it’s more likely that it is the Telstra share price itself that is responsible for this volume we see. Telstra shares have been whacked today, currently down 1.24% at $3.99 each.

Qantas Airways Limited (ASX: QAN)

Another ASX 200 share that used to be a government-owned company is next up today. National air carrier Qantas has seen a hefty 12.6 million of its shares fly to a new home over today’s trading day thus far. In stark contrast to the markets today, Qantas shares have taken off. The company is currently up 2.68% at $5.75 a share.

This move comes after the company reported some pleasing updates this morning, as well as announcing new long-haul flight paths. It’s this outbreak performance that has probably resulted in Qantas’ appearance on this list today.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium producer Pilbara rounds out our list today, coming in at first place. This Monday has seen a sizeable 15.98 million Pilbara shares bought and sold thus far. Unfortunately for investors, this volume seems to be the direct consequence of a dreadful share price drop. The Pilbara share price is currently down by a nasty 6.14% at $2.675 a share.

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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Motley Fool contributor Sebastian Bowen has positions in 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 has positions in 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 Scott Phillips.

from The Motley Fool Australia

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