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

What a start to the week it has been for the S&P/ASX 200 Index (ASX: XJO) today. After a shaky week of trading last week, the ASX 200 has come back from the weekend with a bit of a spring in its step. At the time of writing, the ASX 200 has recorded a healthy gain of 0.43%, raising the index to just over 7,340 points. 

Another happy Monday, it seems. But let’s dive a little deeper into these promising market moves by taking a look at the shares that are sitting at the top of the ASX 200’s share trading volume charts at present, according to 

The 3 most traded ASX 200 shares by volume this Monday

Pilbara Minerals Ltd (ASX: PLS)

First, let’s examine ASX 200 lithium stock Pilbara Minerals. This Monday has seen a chunky 17.98 million PIlbara shares exchanged on the share market as it currently stands. There hasn’t been much in the way of news from Pilbara either.

But we are still seeing this lithium producer endure a heavy sell-off, despite the gains of the broader market. After rising more than 7% on Friday, Pilbara shares have offloaded 3.18% so far this session, pulling the company down to $4.10 a share at the current time.

That’s despite a new positive rating from an ASX broker that we covered this morning. With a sell-off of that size, we don’t need much more explanation for this elevated volume.

Telstra Group Ltd (ASX: TLS)

Next up today is the ASX 200 telecommunications giant Telstra. So far this session, a decent 19.1 million Telstra shares have changed owners on the ASX. We haven’t seen any fresh news from the telco today. But that hasn’t stopped the Telstra share price from having a stellar session.

The company has gained a happy 0.7% so far today to $4.40 a share, a new 52-week high. With that to celebrate, it’s not much of a surprise to see this level of volume here with Telstra.

Sayona Mining Ltd (ASX: SYA)

Last, but certainly not least when it comes to trading volume, let’s check out another ASX 200 lithium share in Sayona Mining. Sayona has had a whopping 52.5 million of its shares bought and sold on the ASX thus far.

This looks like a result of the intense volatility we have seen with this company’s shares today. Sayona started out on a sad note this morning, dropping close to 4% by around midday to 19.2 cents a share.

But the shares then staged a dramatic recovery, rising as high as 20.5 cents (up 2.5%) before settling to the current 20-cent level we are now seeing. All of this bouncing around probably explains the massive 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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Motley Fool contributor Sebastian Bowen has positions in Telstra Group. 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 positions in and has recommended Telstra Group. 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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