What a cracking start it has been for the S&P/ASX 200 Index (ASX: XJO) so far this Monday. After the sour note the markets left investors with last week, the ASX 200 has decided to flip and give us a strong start to this one.
At the time of writing, the ASX 200 has gained a healthy 1.52% so far and is back over 6,770 points.
But let's now delve a little deeper into these moves and check out the shares at the top of the share market's trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Monday
South32 Ltd (ASX: S32)
ASX 200 mining giant South32 is our first ASX share worth taking a gander at today. So far, a notable 16.09 million South32 shares have been thrown around the ASX boards. This has probably been spurred by the company's fresh quarterly update released this morning. As we went through at the time, this update was a bit of a mixed bag for the miner.
Investors initially reacted positively, sending the company's shares as high as $3.84 apiece. But after lunchtime, a case of cold feet seems to have taken hold, with the company now down an abrupt 2.15% at $3.64 a share. No doubt this bouncing around has resulted in the volumes we are seeing.
Pilbara Minerals Ltd (ASX: PLS)
Next up is another ASX 200 miner, but this one is a lithium seeker. Pilbara Minerals has had a sizeable 22.3 million of its shares exchanged on the ASX thus far today. Again, we seem to have a company update to thank for this volume we are witnessing.
As we covered this morning, Pilbara has just announced another contract of sale for a further 5,000 dry metric tonnes of lithium spodumene at a price of US$7,255 per tonne. Investors are rejoicing at this news, with the Pilbara share price up a pleasing 6.11% so far at $5.38 a share.
Core Lithium Ltd (ASX: CXO)
Our third and final share today is another ASX 200 lithium producer in Core Lithium. This session has seen a hefty 25.07 million Core shares swap hands as it currently stands. But this has not been accompanied by any new news from the company.
We have seen some volatility in the Core share price though. The company's shares initially spiked to $1.44 apiece this morning but have been quite bouncy all day. At present, Core Lithium shares are asking $1.392 each, up 1.24% for the day so far. It could be this volatility that is enticing so many shares onto the market.
