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

Some massive share price drops are driving share trading volumes 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 February 13, 2023 3:18 pm AEDT

The S&P/ASX 200 Index (ASX: XJO) seems to have gotten up on the wrong side of the bed this Monday morning. At present, the ASX 200 has gone for another dip into red territory, down by a sad 0.34%, putting the index at just under 7,410 points.

But let's not let this set the tone for our week. So instead, let's take a look at the stocks dominating the ASX 200's share trading volume charts right now, according to investing.com.

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The 3 most traded ASX 200 shares by volume this Monday

Telstra Group Ltd (ASX: TLS)

Our first stock worth taking a look at this Monday is the ASX 200 telco Telstra. So far this session, a notable 14.4 million shares of Telstra have been traded on the markets. We still haven't seen any news out of the company directly over February to date.

So therefore this volume is likely just a consequence of the moves that Telstra shares themselves are making today. Right now, the telco is bucking the markets convincingly, up by 0.74% at $4.10 a share.

Earlier today, Telstra rose as high as $4.12, but has also gone as low as $4.06. It's this bouncy performance which has probably led to so many Telstra shares flying around.

Mirvac Group (ASX: MGR)

Next up we have ASX 200 real estate investment trust (REIT) Mirvac Group. A hefty 16.9 million Mirvac units have changed hands so far this Monday.

Mirvac units have been experiencing heavy trading volumes since the REIT released its half-yearly earnings on Thursday last week. And not in a good way.

Today, the property trust has lost another 2.42% to $2.22 a unit, putting its losses since Wednesday at almost 8%. This selling pressure is probably responsible for Mirvac's presence here today.

Star Entertainment Group Ltd (ASX: SGR)

From MGR to SGR! Our final and most traded ASX 200 share today is none other than this casino operator. A whopping 48.4 million Star shares have zoomed across the ASX skies so far this Monday.

This is almost certainly a result of the fallout from Star's earnings update, which we covered this morning.

Star reported that its first-half revenue fell by 1% compared to pre-COVID levels, mainly driven by a 13.5% revenue drop from its Sydney casino.

Investors have not been impressed and earlier today sent the Star share price down to a new record low of $1.46 a share. The company's shares are down a horrible 20.3% at $1.49 each right now.

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