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

It’s been a very shaky start to the trading week for the S&P/ASX 200 Index (ASX: XJO) so far this Monday. After starting with a big plunge this morning, the ASX 200 has worked its way back toward the breakeven line so far today. However, the Index is still in the red, currently down by an anaemic 0.01% at just over 7,320 points. 

But rather than trying to figure all of that out, let’s instead check out the shares that are presently at the top of the ASX 200’s share trading volume charts, according to 

The 3 most traded ASX 200 shares by volume this Monday

Sayona Mining Ltd (ASX: SYA)

The first cab off the rank today is the ASX 200 lithium stock Sayona Mining. So far this Monday, a decent 25.9 million Sayona shares have changed hands as it currently stands. This looks like a consequence of the company’s share price performance this session, seeing as there is nothing out of Sayona itself to speak of today.

But Sayona has had a rough time of it on the ASX. The company has shed a notable 4% so far today, putting the company at 19.5 cents a share at present. With a sell-off of that size, no wonder we are seeing Sayona grace our list this Monday.

South32 Ltd (ASX: S32)

Next up we have ASX 200 mining giant South32 to check out. At this point of the day, a significant 36.4 million South32 shares have been exchanged on the share market. It’s not too difficult to see where this high trading volume is coming from.

As we covered this morning, South32 is on the nose today after the company gave a less-than-impressive production update. South32 reported that production of almost all of its primary commodities fell significantly over the March quarter, including silver, aluminium and nickel.

The South32 share price has plunged more than 7% on this news so far today, which easily explains why we are seeing so many shares flying around.

Pilbara Minerals Ltd (ASX: PLS)

Our third and final share worth a look at this Monday is another ASX 200 lithium stock. Pilbara Minerals has had a hefty 37.4 million shares bought and sold on the markets today. Pilbara is having the opposite reaction to Sayona from investors today.

While Sayona shares are down by 4%, Pilbara has climbed an impressive 3.86% at present to $4.18 a share. As my Fool colleague went through this afternoon, this could be a result of news that the Chilean government is looking to nationalise its own lithium assets.

But it’s this sharp appreciation that has probably enticed so many Pilbara shares to the markets this Monday.

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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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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