The S&P/ASX 200 Index (ASX: XJO) has had a bumpy start to the week’s share trading. At the time of writing, the ASX 200 is up by 0.47% at 7,031 points after stints in both positive and negative territory so far today.
But let’s dive a little deeper and take a look at the ASX shares that are currently topping the ASX 200’s volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume so far this Monday
Telstra Corporation Ltd (ASX: TLS)
Telstra is our first ASX 200 share experiencing high volumes to look at today. So far, an impressive 14.84 million of this telco’s shares have traded on the markets this Monday. There have been no major announcements out of Telstra so far today.
However, the company has released a notice that reveals it is continuing to buy back its own shares on the open market. In addition, the Telstra share price is currently up a robust 1.14% at $3.98 at the time of writing. This combination is likely behind the high volumes we are seeing with this company.
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium company Pilbara Minerals is next up. So far today, a notable 20.38 million Pilbara shares have crossed the proverbial Nullabor. Again, there hasn’t been much news out of the company to speak of at this point. However, we have seen some choppiness with the Pilbara share price that might be relevant to this volume.
Pilbara shares are currently down by close to 1.5% at $2.70. However, the company opened strongly in the green today and rose as high as $2.82 a share before falling to the current level. It’s this volatility that could be behind all of that volume.
Paladin Energy Ltd (ASX: PDN)
Paladin Energy is our third and final share to examine today. So far this Monday, an eye-catching 30.03 million Paladin shares have been traded on the markets. Nothing of note has come out of this uranium miner today. However, the company did report its half-year results on Friday last week, which could be still sparking some market aftershocks.
The company has also had a wild day today to boot. It’s currently up 1.3% at 78 cents a share after bouncing between 77 and 81 cents per share over the trading day so far. Again, volatility seems to be the cause of so many shares flying around the boards this Monday, perhaps in addition to the earnings from last week.
The post These 3 ASX 200 shares are topping the volume charts on Monday appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
More reading
- 5 ASX 200 shares trading ex-dividend today
- InvoCare (ASX:IVC) share price jumps as earnings surge 22%
- Which ASX 200 shares have delivered the biggest dividend payout increases this earnings season?
- ASX 200 (ASX:XJO) midday update: Zip to buy Sezzle for $491m, GrainCorp storms higher
- 5 things to watch on the ASX 200 on Monday
Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/KR5my62
Leave a Reply