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

It’s been a bit of a rocky start to the trading week for the S&P/ASX 200 Index (ASX: XJO) so far this Monday. After a decent week last week, the ASX 200 has gone backwards over the course of this trading day. At the time time of writing, the index has shed 0.3% and is back below 7,540 points.

But rather than trying to figure all of that out, let’s instead check out the shares that are 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

Newcrest Mining Ltd (ASX: NCM)

A rare appearance from ASX 200 gold miner Newcrest marks our first share to check out this session. So far today, a notable 10.33 million Newcrest shares have traded places on the ASX boards. This isn’t a hard one to work out.

Newcrest shares are soaring today after it emerged that US-listed gold miner Newmont has put forward a takeover offer for the ASX miner. Newmont has put up an offer of 0.38 shares for every Newcrest share.

The company hasn’t come down on the offer yet, but investors sent Newcrest shares up a whopping 14.4% at one stage today with the share price hitting a high of $25.68. It’s settled at $24.59 a share, or 9.55% higher, at the time of writing. No wonder so many shares are flying around.

Core Lithium Ltd (ASX: CXO)

Our next ASX 200 share worth a look is lithium stock Core Lithium. This Monday has seen a sizeable 13.65 million Core shares exchanged so far. There’s been no dramatic takeover offer here. But Core Lithium did tell investors this morning that Doug Warden has been appointed as the company’s chief financial officer.

Investors are either indifferent or don’t seem too impressed though, seeing as Core Lithium shares are currently down by a nasty 5.13% at $1.072 each. This big drop is the likeliest explanation behind the elevated volumes we are seeing.

Sayona Mining Ltd (ASX: SYA)

Finally this Monday, we have another ASX 200 lithium share in Sayona Mining. A rather massive 34.38 million Sayona shares have changed hands as it currently stands. We haven’t seen much in the way of news or announcements out of Sayona today.

But that hasn’t stopped the lithium stock’s share price from plummeting. At present, Sayona has lost a depressing 5.77% and is back down to 24.5 cents a share. It’s almost certainly this big drop in value that is driving the high trading volumes on display here.

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 is the ARB share price beating the ASX 200 today?
• Why Brainchip, Core Lithium, IAG, and Nick Scali shares are dropping today
• Why Beach, Newcrest, Patriot Battery Metals, and Warrego Energy shares are rising
• Why top brokers say surge in CSL share price will continue
• Will Newmont offer more for Newcrest shares?

Motley Fool contributor Sebastian Bowen has positions in Newcrest Mining. 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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