The S&P/ASX 200 Index (ASX: XJO) is continuing to claw back ground as we open for another trading week so far this Monday. After the heavy selloff of most of last week, the ASX 200 is continuing to build on the momentum of last Friday’s session and is currently up another 0.3% to just under 7,100 points at the time of writing.
But let’s dive a little deeper into these share market moves and take a look at the ASX 200 shares currently at the top of the market’s trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Monday
Qube Holdings Ltd (ASX: QUB)
Infrastructure and logistics company Qube is our first ASX 200 share to check out today. So far this Monday, a solid 14.77 million Qube shares have been bounced around the ASX boards. This comes after a major announcement from the company this morning.
According to an ASX release put out before market open, Qube has just completed its $400 million off-market share buyback program. The program was so popular that the company had to scale it back. Perhaps in response to this announcement, Qube shares are rocketing almost 6% today and are now going for $2.94 each. It’s probably this combination that we can thank for this elevated trading volume we see.
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium stock Pilbara is our next cab off the rank today. As it currently stands, a hefty 17.01 million Pilbara shares have traded hands on the markets this Monday. There’s no news out of Pilbara so far today, or indeed over May thus far. In saying that, Pilbarra shares are continuing to surge higher. They are up another 4.86% so far today to $2.59 at the present time. It’s this sharp appreciation that has probably sparked these higher levels of trading.
Paladin Energy Ltd (ASX: PDN)
Paladin Energy is our final and most traded share of the day right now. This Monday has seen a sizeable 21.27 million of this ASX 200 uranium company’s shares bought and sold thus far. Again, we have no news out of Paladin. But we have had some significant volatility today. Paladin shares initially rocketed after open, rising as high as 70 cents. However, sentiment seems to have cooled somewhat, and the company is now back in the red, going for 66 cents right now, down 0.75% for the day. It’s this whipsawing that has probably gotten Paladin to where it is on this list.
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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More reading
- Why Brambles, Core Lithium, Infomedia, and Qube shares are charging higher
- Why are ASX lithium shares off to such a flying start this week?
- Why is the ASX 200 giving back the morning’s gains on Monday?
- ASX 200 midday update: Brambles rockets, Goodman upgrades guidance
- 5 things to watch on the ASX 200 on Monday
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 Scott Phillips.
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