The S&P/ASX 200 Index (ASX: XJO) seems to have comprehensively shaken off last week's blues with a very strong opening to the trading week indeed today. After a disappointing week last week, the ASX 200 has come out of the gates with a vengeance so far this Monday.
At the time of writing, the index has recorded a pleasing gain of 1%, which lifts the ASX 200 back over 7,220 points.
How about that! But let's now dig a little deeper into this happy performance by checking out the shares that are at the peak 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
Pilbara Minerals Ltd (ASX: PLS)
First up this Monday is the ASX 200 lithium stock Pilbara Minerals. This session has seen a sizeable 14.85 million Pilbara shares change hands so far. We haven't had any fresh news out of Pilbara today that might explain this high volume.
Saying that we did see this company make a big move upwards this morning, which could be to thank. Soon after market open, the Pilbara share price shot up to $4.72. The company has since cooled off significantly, though, and is now flatlining at its Friday closing price of $4.54 a share. This 'pop and drop' could be responsible for those big numbers we are seeing.
Tabcorp Holdings Ltd (ASX: TAH)
Next up, we have ASX 200 gaming share Tabcorp holdings. This Monday has had a decent 20.9 million Tabcorp shares bought and sold so far. Again, it looks like some big share price moves are responsible for this high volume.
Despite no fresh news out for Tabcorp, the company's sales have shot up a healthy 2.4% today to $1.15 each after closing at $1.12 last week. These gains have held for most of the day and are more than enough to explain the elevated trading volumes we are witnessing.
AMP Ltd (ASX: AMP)
Finally, this session, let's take a glance at ASX 200 financial services share AMP. A hefty 23.55 million AMP shares have made their way across the ASX boards so far in today's trading. We have had some news out of AMP today that could explain why so many shares are being bought and sold.
As we covered this morning, AMP has revealed a 'simplification; of its business model, with the Australian Wealth Management vision to be dissolved. Investors seem to be excited with this news, and this, combined with the 1.13% gain AMP shares are currently enjoying, is probably why we are seeing so many shares flying around.
