The Australian share market has had a very pleasing start to this week’s trading so far this Monday. At the time of writing, the S&P/ASX 200 Index (ASX: XJO) has gained a pleasing 1.24% and is now well over 7,250 points.
But let’s dig a little deeper into the market moves and check out the ASX 200 shares that are presently topping the share market’s trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Monday
South32 Ltd (ASX: S32)
ASX 200 diversified mining company South32 is our first ASX share to check out today. So far this Monday a notable 12.86 million South32 shares have been traded on the markets. There’s been no news out of the company that might explain this elevated trading volume.
However, South32 shares have experienced a fairly dramatic jump in valuation today, which might. This Monday’s session has seen South32 put on a healthy 3.29% so far, with the miner now sitting at $4.87 a share.
Tabcorp Holdings Limited (ASX: TAH)
Next up today we have ASX 200 gaming company Tabcorp. Tabcorp has watched a sizeable 26.92 million of its shares trade hands as it currently stands today. Tabcorp is having the opposite scenario play out so far today. Its shares have taken a nasty 3.4% haircut back to 98 cents a share as it currently stands.
Investors have been sending this company lower since it spun out Lottery Corporation Ltd (ASX: TLC) last week. So it’s likely the volume we’re seeing is a byproduct of this spinoff and today’s share price fall.
Pilbara Minerals Ltd (ASX: PLS)
Last but certainly not least in terms of trading volumes, we have ASX 200 lithium stock Pilbara Minerals. So far today, a hefty 27.08 million Pilbara shares have bounced around the markets. It seems another dramatic share price jump is responsible for Pilbara’s high trading volumes.
The lithium producer is currently up a pleasing 2.4% at $2.98 a share, but rose as high as $3.08 (up more than 5%) soon after market open this morning. It’s this big jump that has probably placed Pilbara at the pinnacle of this list today.
The post Here are the 3 most traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.
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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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