These 3 ASX 200 shares are topping the volume charts on Monday

We take a look at the most active ASX 200 shares by volume…

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The S&P/ASX 200 Index (ASX: XJO) is yet again kicking off the trading week on the wrong side of the bed this Monday. At the time of writing, the ASX 200 is down 0.15% at 7,230 points.

But rather than letting that get us down, let’s instead check out the ASX 200 shares currently topping the ASX trading volume charts, according to investing.com.

3 most active ASX 200 shares by volume this Monday

Pilbara Minerals Ltd (ASX: PLS)

Our first share topping the trading volume charts so far today is the ASX 200 lithium producer Pilbara Minerals. Pilbara has seen a sizeable 15.06 million of its shares swap hands thus far today. There have been no major news or announcements out of Pilbara this Monday.

However, the Pilbara share price itself hasn’t taken well to the market’s falls today. Pilbara shares are currently down a nasty 5.3% at $2.32 at the time of writing. This steep drop is the likely culprit behind this elevated trading volume.

Telstra Corporation Ltd (ASX: TLS)

Telstra is our next share to take a gander at today. This ASX 200 telco giant has had a hefty 16.7 million of its shares swap hands on the markets so far. Again, there is not much in the way of official news or announcements out of Telstra.

Additionally, Telstra shares are currently flat at $4.02 a share today after dipping to $3.99 earlier this morning. It’s likely that the combination of Telstra’s ongoing share buyback program, in addition to the share price dips this morning, are what’s behind this elevated trading volume.

Challenger Ltd (ASX: CGF)

ASX 200 annuities provider Challenger is our final and most traded ASX share this Monday. As it stands thus far, an impressive 21.5 million challenger shares have found new owners on the markets. This could be a consequence of the ASX announcement Challenger put out to investors this morning. This informed the markets that Apollo Global Management has received Australian Prudential Regulation Authority (APRA) approval to acquire the remaining 3% of Challenger that it was entitled to as part of an earlier agreement. 

Apollo now owns a full 15% stake in the company. The Challenger share price initially spiked on market open this morning, going as high as $6.68 a share. However, subsequently, sentiment has cooled off, and Challenger shares are now flat at $6.51. It’s this combination that has probably resulted in this company topping the volume charts so far this Monday.

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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 Australia has recommended Challenger 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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