The S&P/ASX 200 Index (ASX: XJO) has kicked off the trading week with a day of mild gains so far this Monday. At the time of writing, the ASX 200 has put on a decent 0.21% so far, leaving it trading at just over 6,840 points.
But let's dig deeper into these market gains and take a look at the shares currently topping the ASX 200's share trading volume charts, according to investing.com.
Image source: Getty Images
The 3 most traded ASX 200 shares by volume this Monday
Core Lithium Ltd (ASX: CXO)
The first ASX 200 share up this Monday is the lithium company Core Lithium. As it currently stands, a notable 11.82 million Core Lithium shares have changed hands today. There's been no news out of the company itself that might explain this volume.
However, we have seen a decisive move in the company's share price itself, which probably explains this elevated volume. At present, the Core Lithium share price is up a pleasing 5.45% at $1.36 a share. It's not quite clear why Core Lithium shares are shooting higher this Monday. But this move probably explains the high volumes we are seeing.
Alumina Limited (ASX: AWC)
ASX 200 alumina and aluminium producer Alumina is next up today. So far this Monday, a hefty 12.44 million Alumina shares have been bought and sold.
Again, we see no new news out of this ASX 200 share today. Thus, we probably have the gains that the Alumina share price has seen for the presence of this company on today's list. Alumina shares have gained a pleasing 2.96% so far to $1.46 a share.
Pilbara Minerals Ltd (ASX: PLS)
Core Lithium's fellow ASX 200 lithium share Pilbara Minerals is our third and final share to check out. So far, a chunky 17.73 million Pilbara shares have found a new home.
Again, we can look to an outsized share price movement here – the Pilbara share price has put on a weighty gain of 3.8% so far this session to $3.68 a share.
But, as my Fool colleague James covered this afternoon, this could also be a byproduct of ASX broker JP Morgan's overweight rating for Pilbara, complete with a 12-month share price target of $4.10.
