The S&P/ASX 200 Index (ASX: XJO) has kicked the week off on the wrong side of the bed yet again this Monday. At the time of writing, the ASX 200 has lost 0.54% and is currently sitting at 7,137 points.
But not to let that get us down, let’s now take a gander at the 3 ASX 200 shares that are currently at the top of the ASX’s volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume on Monday
Sydney Airport (ASX: SYD)
Sydney Airport is our first share with soaring trading volumes today. This ASX 200 infrastructure giant has had a hefty 23.51 million of its shares swap hands so far this Monday. There’s not much in the way of news or announcements out of the company itself so far.
So we can probably put this elevated volume down to the movements of the Sydney Airport share price itself, and perhaps at its potential upcoming takeover. Sydney Airport is currently flat at $8.66 a share, but has been doing some bouncing around today. It might be this volatility, together with the takeover factor, that is behind this volume today.
South32 Ltd (ASX: S32)
Diversified ASX 200 mining company South32 is next up today. A whopping 25.42 million South32 shares have been bought and sold so far today. We don’t have to look too far to explain this one though. This volume is the likely consequence of the performance report South32 released to investors today.
As my Fool colleague Brooke covered earlier this Monday, South32 revealed that it had a rough period over the last quarter, experiencing labour and supply-chain issues. As such, it was forced to downgrade its FY22 guidance. The South32 share price has lost an unpalatable 3.8% so far today and is now trading at $3.94 a share.
Pilbara Minerals Ltd (ASX: PLS)
ASX 200 lithium producer Pilbara is our final and (so far) most traded share of the day. This Monday has seen a sizeable 25.51 Pilbara shares find a new home at this point of the trading day.
Again, there isn’t any official news out of Pilbara that we can point to that might explain this move. So perhaps it is the nasty share price fall this company has endured today that is the culprit here. Pilbara shares have lost 1.4% so far this Monday and are currently trading at $3.51 each. This might be the reason why we find Pilbara on this list today.