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

An office worker and his desk covered in yellow post-it notes

An office worker and his desk covered in yellow post-it notes

The S&P/ASX 200 Index (ASX: XJO) is unfortunately yet again falling this Monday. The ASX 200 has gotten up on the wrong side of the bed this morning, since it is, at the time of writing, down a nasty 1.15% at just over 7,100 points

But rather than focusing on this misfortune, let’s instead take a look at the ASX 200’s share volume charts, according to

The 3 most traded ASX 200 shares by volume this Monday

Liontown Resources Limited (ASX: LTR)

Lithium hopeful Liontown Resources is our first ASX 200 share to take a look at today. So far, a notable 14.25 million Liontown shares have swapped hands as it currently stands. This doesn’t appear to be the result of anything out of the company itself. Liontown has made no ASX announcements today.

So we can probably lay the blame for this high volume at the feet of the Liontown share price movements we are witnessing. So far this Monday, Liontown shares have given up a depressing 7.25% of their value and are now being priced at $1.28 each. With a slide like that, no wonder so many shares have been bouncing around.

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco Telstra is our next share to take a glance at this Monday. So far today, a notable 15.19 million Telstra shares have been bought and sold on the markets.

There hasn’t been any news or announcements out of Telstra today, save for the now-routine share buyback notice. So it’s probably the results of these ongoing buybacks, as well as Telstra’s 0.13% loss so far today to $3.97 a share, that is responsible for this elevated volume.

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals is last up today. This ASX 200 lithium producer had watched 17.67 million of its shares find a new home so far. Here, we have a more obvious smoking gun. Like with Telstra, Pilbara hasn’t had anything to tell the markets directly this Monday.

However, the lithium stock has lost a painful 5.13% so far in today’s trading, and is now back to $2.59 a share. It’s this steep fall we can probably thank for the elevated trading volumes we are seeing.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s