The S&P/ASX 200 Index (ASX: XJO) has kicked off the trading week by giving investors a kick up the proverbial so far this Monday. At the time of writing, the ASX 200 has dropped sharply lower and has currently bled a nasty 1.29%, down to just over 7,212 points.
But let's try not to let this set the tone for the week. So instead of dwelling on that sobering metric, it's time now to check out the shares that are currently at the top of the ASX 200's share trading volume charts at present, according to investing.com.
The 3 most traded ASX 200 shares by volume this Monday
Downer EDI Ltd (ASX: DOW)
Our first ASX 200 share up this Monday is the engineering and construction company Downer EDI. So far this session, a decent 19.58 million Downer shares have been exchanged on the ASX. There is a good reason for this high volume, and it isn't a pleasing one.
Downer reported its half-year earnings this morning, and it was a bit of a horror show. As we covered at the time, the company announced a 20.3% drop in profits and a 58% cut to its dividend. In response, the Downer share price has cratered by a depressing 22.73% – no wonder so many shares are flying around.
Sayona Mining Ltd (ASX: SYA)
Next up, we have an ASX 200 lithium stock in Sayona Mining. This Monday has had a sizeable 20.93 million Sayona shares say sayonara to their old shareholders. There hasn't been much in the way of news or announcements out of Sayona today though.
So this high volume could be the result of the movements in the Sayona share price itself. Sayona isn't having nearly as bad a day as Downer. But this lithium share is still down a meaty 2.13% at 23 cents a share after falling as low as 22 cents earlier this morning. It's this drop that looks like it has caused this elevated volume on display.
Pilbara Minerals Ltd (ASX: PLS)
Our third and final share this Monday is another ASX 200 lithium stock in Pilbara Minerals. This session has seen a substantial 29.95 million Pilbara shares trade hands as it currently stands. There hasn't been any news out from Pilbara either today.
But you would think there would be, judging by the massive losses we are currently seeing in this company's share price. Pilbara shares are presently down by a not-too-pleasing 7.06% at $4.21 each. It's this sell-off that looks to be prompting this high trading volume.
