Here are the 3 most heavily traded ASX 200 shares on Monday

Miners are behind some of the big volumes we are seeing today…

Sebastian Bowen

Author Bio Sebastian Bowen has been a Motley Fool contributor since late 2018. Sebastian found his passion for writing and educating others about shares and all things finance after completing his studies in political, economic and social science and enjoys bringing this passion to life at the Fool. His investment philosophy is a simple one – buying high-quality companies at prices that make sense. When he’s not researching his next investment at all hours of the morning, Sebastian enjoys classic movies and likes to unwind with a good book, newspaper or record. Areas of Expertise Dividend investing ETFs Education Bachelor of Political, Economic, and Social Sciences (Government and International Relations), University of Sydney Social Media X/Twitter Favorite Investment Quote "In the short run, the market is a voting machine, but in the long run, it is a weighing machine." – Benjamin Graham

Published January 16, 2023 3:41 pm AEDT

The S&P/ASX 200 Index (ASX: XJO) is off to a cracking start this trading week, with the index notching up yet another strong gain so far today.

After a great week last week, the ASX 200 has put on another 0.75% so far this session, lifting the index to just under 7,390 points.

But let's now delve into these gains by taking a look at the shares currently heading the ASX 200's share trading volume charts, according to investing.com.

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The 3 most traded ASX 200 shares by volume this Monday

South32 Ltd (ASX: S32)

Our first cab off the rank today is the mining share South32. So far this session, a notable 9.51 million South32 shares have flown their way across the ASX boards.

There's been no official news out of South32 this Monday. However, investors are still clamouring to pick up some shares, judging by the healthy 1.74% rise the miner has enjoyed so far today to $4.68 a share.

This strong performance is probably what's driving the volumes we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

Next up this Monday we have an ASX 200 lithium stock in lithium producer Pilbara Minerals. This session has seen a hefty 15.15 million Pilbara shares exchanged on the markets thus far.

There's been no news out of Pilbara itself either. However, this lithium share seems to have escaped the sad fate of its peers so far this session.

Whilst the likes of Core Lithium have seen big falls (keep reading for more), Pilbara shares are actually in the green. The company is currently up 0.5% to $4.01 a share.

That's despite a dip into red territory around lunchtime. This rise, and volatility, is the likely cause of the volumes we are witnessing.

Core Lithium Ltd (ASX: CXO)

Third and finally today we have another ASX 200 lithium stock in Core Lithium. A sizeable 20.4 million Core shares have been bought and sold so far this session.

This looks like a result of the rather poor session lithium shares are having on the ASX today. Despite the optimism of the general market, this corner of the ASX is feeling the pinch this session. Core Lithium is presently down a nasty 6.43% at $1.062 a share.

It's not entirely clear why Core Lithium is getting singled out for punishment, although my Fool colleague Monica touched on some of the potential reasons this afternoon. But the size of this drop is almost certainly why we see this company making an appearance on this list today.

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