Here are 3 ASX 200 shares flying around the share market today

Which ASX 200 share was the most heavily traded today?

| More on:
active person star jumping amid city landscape

Image source: Getty Images

The S&P/ASX 200 Index (ASX: XJO) is having an interesting start to the trading week this Monday. At the time of writing, the ASX 200 is currently down 0.01% to 7,394 points after hitting a new record high of 7,417.6 points earlier this morning.

So let’s take a look at some of the ASX 200 shares that are being traded the most heavily today:

3 ASX 200 shares flying around the share market today

Lynas Rare Earths Ltd (ASX: LYC)

Rare earth producer Lynas is our first ASX 200 share to check out today. So far this Monday, a substantial 16.03 million shares have changed hands. This is almost certainly the result of the massive movement the Lynas share price has seen today. Lynas shares are currently up a whopping 10.22% to $7.08 a share today, after making a brand new 52-week high of $7.12 a share earlier in the day.

This move upwards was in response to a quarterly report the company put out this morning. This report revealed both bumper revenues and production metrics for Lynas, as well as a surge in cash on hand. Clearly, investors approve.

Silver Lake Resources Limited. (ASX: SLR)

ASX 200 gold miner Silver Lake is our second company to look at today, seeing as a hefty 19.16 million shares have swapped hands so far this Monday. Silver Lake is seeing a similar outcome from an opposite cause to Lynas. Today, Silver Lake shares are down a nasty 7.62% at the time of writing to $1.49 a share.

This appears to be a continuation of the reaction investors had last week to Silver Lake’s quarterly results, which were released on Friday. Not only did this report reveal a slump in gold sales, but the company was also rather pessimistic about its FY2022 guidance. Silver Lake is now down around 15% from where it ended the trading day last Thursday.

Alumina Limited (ASX: AWC)

Our final ASX 200 share today, and the most traded share on the markets, goes to aluminium producer Alumina. The 21.85 million Alumina shares that have traded hands today is probably the result of the Alumina share price itself. So far this Monday, Alumina shares are up an impressive 5.56% to $1.71 a share.

It’s not immediately obvious why this company is jumping so enthusiastically today. However, sentiment seems to be turning with Alumina after an initial dip following its quarterly earnings report on 16 July. Since 20 July, this company is now up more than 11%.

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

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 Bruce Jackson.

More on Share Market News

A male ASX 200 broker wearing a blue shirt and black tie holds one hand to his chin with the other arm crossed across his body as he watches stock prices on a digital screen while deep in thought
Share Market News

5 things to watch on the ASX 200 on Tuesday

Here's what to expect on the ASX 200 on Tuesday...

Read more »

Top 10 ASX 200 shares today
Share Market News

Here are the top 10 ASX shares today

Here are your top 10 biggest gainers in the ASX 200 on Monday.

Read more »

blue arrows representing a rising share price ASX 200
Share Market News

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

We take a look at the most traded ASX 200 shares by volume today.

Read more »

Model bear in front of falling line graph, cheap stocks, cheap ASX shares
Share Market News

These are the 10 most shorted ASX shares

Short sellers are currently targeting these ASX shares...

Read more »

a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.

Can regulators prevent another US$45 billion crypto stablecoin meltdown?

Terra's LUNA token, meant to help its UST token remain pegged to the US dollar, has lost 99.99% of its…

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Share Market News

ASX 200 midday update: Brambles rockets, Goodman upgrades guidance

The ASX 200 is having a decent start to the week...

Read more »

Smiling man with phone in wheelchair watching stocks and trends on computer
Share Market News

5 things to watch on the ASX 200 on Monday

Here's what to expect on the ASX 200 on Monday...

Read more »

Family of four celebrating inside a grocery store or supermarket
Share Market News

4 ASX shares of the most trusted brands in Australia

Which companies are best placed to attract the hearts, minds and wallets of consumers as interest rates rise?

Read more »