The S&P/ASX 200 Index (ASX: XJO) is having a decent start to this week's trading today. At the time of writing, the ASX 200 is up 0.39% to 7,489.9 points. But let's now dig a little deeper and see which ASX 200 shares are topping the charts in terms of trading volume.
The 3 most heavily traded ASX 200 shares on Monday
Fortescue Metals Group Limited (ASX: FMG)
Iron ore miner Fortescue is our first ASX 200 share to check out today, with a hefty 12.65 million Fortescue shares trading hands so far today. This appears to be a pure byproduct of what has happened with Fortescue share price today, seeing as there are no major news or announcement out of the company today.
This Monday has seen Fortescue lose a chunky 4.47% to $19.45 a share so far. This move is probably a response to the falling iron ore price, which has lost quite a bit of steam over the past week or two. The last time Fortescue was under $20 a share was way back in March.
South32 Ltd (ASX: S32)
Another ASX 200 miner in South32, this company makes the list today with a hefty 14.16 million shares traded so far today. Again, this appears to be the result of a decisive share price movement. South32 lost a bit of momentum last week when the diversified miner reported its FY21 earnings on Friday. At the time, South32 shares took quite a hit.
But investors seem to have taken a 'new week, new me' approach today. South32 has recovered strongly this Monday, and is currently up 2.34% to $2.84 a share. This is probably behind the large number of Soth232 shares trading on the market today.
Pilbara Minerals Ltd (ASX: PLS)
And our final, and most traded share (as well as our third miner) today is ASX 200 lithium producer Pilbara Minerals. Pilbara shares are up an incredible 10.6% so far today to $2.24 at the time of writing. This has prompted a whopping 28.72 million Pilbara shares to change hands so far this Monday.
It's not entirely clear why this lithium company is rallying so convincingly, but my Fool colleague Kerry took a deeper dive into this remarkable bounce earlier today. However, it is pretty clear that it's this huge share price jump that has triggered this fat trading volume.
