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

The S&P/ASX 200 Index (ASX: XJO) has kicked off the trading week on a positive note so far this Monday. After recording a gain last week, the ASX 200 is once again living up to the fabled December ‘Santa rally’ and is lifting higher at this point of the session.

At the time of writing, the index has gained a healthy 0.49%, lifting the index up to just under 7,340 points.

So time now to dive deeper into these market moves by having a look at the shares currently topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

South32 Ltd (ASX: S32)

First up today is the mining giant South32. This Monday has had a sizeable 16.7 million South32 shares bounce around the markets today so far. There’s been no fresh news out of South32 so far this week.

However, the South32 share price has really taken off today. The miner is currently enjoying a 4.06% lift to $4.36 a share. Most ASX resources shares are taking flight today following some pleasing price rises on the commodity markets. It’s this gain that is likely leading these volume figures.

Core Lithium Ltd (ASX: CXO)

ASX 200 lithium share Core Lithium is our next share for today. This lithium producer had had a hefty 19.82 million shares change hands as it currently stands. There’s been no new news out of Core shares either today. But investors are sending this company in the opposite direction to South32 regardless.

Like most ASX lithium shares today, the Core Lithium share price has lost a painful 3.65% of its value so far today, putting it down to $1.32 a share. It’s not quite clear what’s up with lithium today, but this drop is probably the cause of the high volumes on display.

Pilbara Minerals Ltd (ASX: PLS)

Speaking of the devil, our last ASX 200 share worth taking a gander at today is Core’s fellow lithium luminary Pilbara Minerals. A whopping 25.03 million Pilbara shares have been bought and sold thus far this session.

The same factors seem to be at play here. However, investors have decided to punish Pilbara even more harshly than Core, with this company currently down a nasty 4.32% at $4.65 a share. Again, it’s this selling pressure that is likely influencing the high 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.

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More reading

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• ASX index beaters: 5 shares that have supercharged portfolios in 2022
• Could Core Lithium shares be set for a Santa rally in December?
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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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