It's been a rather rough start to the trading week for the S&P/ASX 200 Index (ASX: XJO) so far this Monday.
After initially tipping into positive territory soon after market open this morning, the ASX 200 has spent most of the trading day descending into red ink. At the time of writing, the index is currently down by a chunky 0.14% at just under 7,270 points.
Let's hope this session isn't setting the tone for the week. But let's now delve deeper into these market losses by checking out the ASX 200 shares that are topping the share market's trading volume charts right now, according to investing.com.
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The 3 most traded ASX 200 shares by volume this Monday
Pilbara Minerals Ltd (ASX: PLS)
First up today is the ASX 200 lithium share Pilbara Minerals. This Monday has had a decent 15.7 million Pilbara shares swapped on the ASX so far. There hasn't been any fresh news or announcements out of Pilbara itself that might explain this volume.
However, as my Fool colleague James predicted this morning, ASX lithium shares are having a very rough day indeed. In Pilbara's case, we've seen this company lose a notable 3.01% so far today, pulling Pilbara down to $4.84 a share. This comes after a major US lithium stock revealed some softer-than-expected profits late last week. It's this steep selloff that probably explains this high volume we are seeing.
Tyro Payments Ltd (ASX: TYR)
Next up, we have ASX 200 payments share Tyro to check out. A large 15.96 million Tyro shares have been bought and sold on the ASX thus far this session. This is almost certainly a result of the big news we saw from this company this morning.
As we covered at the time, Tyro announced that suitor Potentia Capital management has walked away from four months of takeover talks. In response, the Tyro share price has cratered by a painful 15.6% at present, pulling the company down to $1.295 a share. No wonder we are seeing so many shares flying around today.
Sayona Mining Ltd (ASX: SYA)
Another ASX 200 lithium stock rounds out our list today in Sayona Mining. This Monday has had a hefty 26.94 million Sayona shares traded on the ASX so far.
After falling substantially this morning by more than 4%, Sayona has staged a remarkable recovery, regaining ground throughout the day to end up at the 1.09% gain to 23.3 cents a share we see at present. This extreme volatility looks like it is responsible for all of that elevated trading volume on display here.
