Here are 3 ASX 200 shares being heavily traded on Monday

Which ASX 200 share was the most heavily traded today?

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The S&P/ASX 200 Index (ASX: XJO) has had rather a flat start to the week’s trading this Monday. At the time of writing, the ASX 200 is currently up, but only just, rising 0.07% so far today to 7,544 points. But let’s dig a bit deeper and check out some of the ASX 200 shares that are being the most heavily traded today.

3 of the most heavily traded ASX 200 shares today

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco Telstra is our first cab off the rank this Monday. So far today, a hefty 10.75 million TLS shares have traded hands. This coincides with the telco hitting a new 52-week high this morning. Telstra’s latest high watermark is now $3.83 a share, pipping the previous high of $3.81.

We also got some news today that the telco has had a ‘win’ from the federal government’s decision to impose a “45% purchase limit of low-band frequency for telcos in regional areas”. This 45% level was above the 43% that Telstra reportedly requested.

Silver Lake Resources Ltd (ASX: SLR)

ASX 200 gold miner Silver Lake is next up here. Silver Lake has seen an even higher number of 10.96 million of its shares trade on the share market today

This is probably the result of the company’s nasty share price fall we are seeing. Silver Lake is currently down a substantial 4.03% today to $1.43 a share. This move is being mirrored across the ASX gold mining sector this Monday and is likely a reaction to the price of gold itself dropping sharply over the weekend.

Pilbara Minerals Ltd (ASX: PLS)

And last and certainly not least, we have lithium producer Pilbara Minerals. Pilbara is our most traded ASX 200 share so far today. The company has seen just over 12 million of its shares swap hands so far. That’s despite an absence of any major news or announcements out of the company — or any substantial share price moves.

However, even though the Pilbara share price is currently up an unremarkable 0.48% to $2.10 today, it did hit a new all-time high of $2.14 a share just after market open this morning. It’s probably for this reason that we are seeing so many Pilbara shares change owners today.

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Motley Fool contributor Sebastian Bowen owns shares of 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 shares of 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.

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