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

The S&P/ASX 200 Index (ASX: XJO) seems to have gotten up on the wrong side of the bed this morning. After briefly opening in positive territory at the start of today’s session, the ASX 200 is now firmly in the red so far this Monday. At present, the index has slipped by 0.04% to just over 7,490 points.

But rather than trying to figure all of that out, let’s now take a look at the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Insurance Australia Group Ltd (ASX: IAG)

ASX 200 insurance purveyor IAG is our first share worth taking a gander at this Monday. So far this session, a notable 7.34 million IAG shares have been swapped. This is almost certainly a result of the gloomy announcement IAG made to the markets this morning.

The insurer told investors that it had received a large number of claims relating to the recent devastating floods in New Zealand. As a result, the IAG share price had shed a nasty 3.44% down to $4.90 at present, after dropping as low as $4.78 this morning. It’s these factors that have probably resulted in so many IAG shares finding a new home today.

Pilbara Minerals Ltd (ASX: PLS)

Next up we have a familiar face in ASX 200 lithium share Pilbara Minerals. This Monday has seen a hefty 10.6 million Pilbara shares phoned in for trading. We haven’t seen any fresh news out of Pilbara so far this week. But that hasn’t stopped Pilbara shares from defying the market and shooting up by a healthy 2.65% so far today to $5.03 a share. This is the likely cause of the high volumes we see. Perhaps investors were reacting to some recent bullish comments from more than one ASX expert.

Core Lithium Ltd (ASX: CXO)

Third and finally today we have another ASX 200 lithium stock in Core Lithium. This session has had a sizeable 25.22 million Core Lithium shares trade hands as it currently stands. This one isn’t too hard to work out.

Core Lithium shares are soaring in value today after the company released its latest quarterly production figures. As we went through this morning, Core Lithium has now delivered its first shipment of dry lithium ore. Amid this announcement, the Core Lithium share price has shot higher by a whopping 7.96% so far today to $1.22 a share. No wonder so many shares have been traded.

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 lithium prices could be ‘higher for longer’: Macquarie
• Why Brainchip, IAG, Metcash, and ResMed shares are sinking today
• Why Block, Core Lithium, Lynas, and Xero shares are charging higher today
• These are the 10 most shorted ASX shares
• Why is the IAG share price tumbling 4% on Monday?

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 positions in and has recommended Insurance Australia 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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