The S&P/ASX 200 Index (ASX: XJO) is having a pretty decent start to the trading week. At the close of trade on Monday, the ASX 200 is up a healthy 0.83% to 7,333 points. But let’s take a look at which ASX 200 shares are on the move today in terms of trading volume.
3 ASX 200 shares on the move today
Bingo Industries Ltd (ASX: BIN)
Waste management company Bingo is our first ASX 200 share on the move today. A substantial 9.47 million BIN shares traded by market close. That’s despite the Bingo share price not doing a whole lot today. It finished exactly where it started at $3.43 a share.
There has been no major news or announcements out of the company this Monday. Having said that, we received notice last week that Bingo’s days on the ASX boards are numbered. Following the successful takeover offer from Macquarie Infrastructure and Real Assets back in April, Bingo will delist from the ASX on the morning of 16 July (this Friday).
It’s possible that investors took note, and are trading their Bingo shares around before they disappear.
Pilbara Minerals Ltd (ASX: PLS)
Yes, ASX 200 lithium miner Pilbara is back on the list today, with 12.14 million shares swapping owners today. This is probably the result of the healthy gains Pilbara shares have enjoyed on the share market today. Pilbara Minerals closed the day up 2.69% to $1.53 after rising as high as $1.56 (up 3.7%) earlier in trade.
As my Fool colleague, James discussed earlier today, this might be a consequence of Pilbara’s fellow lithium miner Orocobre Limited (ASX: ORE) releasing a positively-received trading update last Friday. In conjunction with broker bullishness as well.
Boral Limited (ASX: BLD)
This ASX 200 construction company has been heavily traded ever since the saga involving Seven Group Holdings Ltd (ASX: SVW) started back in May. Seven has now acquired more than 40% of Boral following its rejected takeover offer of $6.50 a share (followed by $7.40). The latest takeover offer ends on 15 July.
Today, 12.86 million Boral shares traded hands, with perhaps Seven Group being on one side of the trade in many cases. We can probably expect heightened trading volumes all the way up to 15 July on this one. Even so, the Boral share price is flat today at $7.39 a share.