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

Some big losses in the lithium space are driving trading volumes today.

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The S&P/ASX 200 Index (ASX: XJO) is kicking off the trading week on another positive run so far this Monday. After a phenomenal week last week which saw the ASX 200 rise for five days in a row, it looks like investors are in the mood to keep the party going today. At the time of writing, the Index has lifted by another 0.5% to around 7,215 points.

So time now to dig a little deeper into the shares that are dominating today's market moves and topping 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

Telstra Group Ltd (ASX: TLS)

First up today is the ASX 200 telco Telstra. So far this Monday, a decent 10.2 million Telstra shares have been phoned home. There hasn't been any fresh news from the company this session. But that hasn't stopped the Telstra share price from having a stunning day.

The telco hit a new 52-week high of $4.24 a share this morning but is now sitting flat at $4.22 a share at present. It's this new 52-week high that is probably why we are seeing Telstra on this list today.

Pilbara Minerals Ltd (ASX: PLS)

From TLS to PLS. Next up is the ASX 200 lithium leader Pilbara Minerals. At this point of today's trading, a hefty 23.05 million Pilbara shares have been exchanged on the markets. We haven't heard much out of Pilbara today either.

But that hasn't stopped investors from signalling out this company's shares for some market-defying punishment today. Investors don't seem in the mood of making time for lithium stocks, judging by Pilbara's shares taking a nasty 2.8% so far to $3.83 each. It's this sizeable loss that has probably resulted in Pilbara's high volumes.

Sayona Mining Ltd (ASX: SYA)

Our final ASX 200 share worth taking stock of this Monday is another lithium company in Sayona Mining. A whopping 38.42 million Sayona shares have changed hands as it currently stands today. This looks like a very similar situation to that of Pilbara.

As an ASX 200 lithium share, Syaona is also bucking the market today with a hefty loss. In this shares' case, we are looking at a rather depressing 3.9% sell-off, putting Sayona down to 20 cents a share. It's this dive in value that is probably behind these elevated trading figures.

Motley Fool contributor Sebastian Bowen has positions in Telstra Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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