ASX 200 miners dominate most traded shares on Monday

Which ASX 200 share was the most traded today?
The post ASX 200 miners dominate most traded shares on Monday appeared first on The Motley Fool Australia. –

The S&P/ASX 200 Index (ASX: XJO) has finished this Monday’s trading slightly in the green.The ASX 200 closed up 0.37% to 7,788.6 points. So let’s dig a little deeper into the ASX 200 shares that topped the trading volume charts today. As you’ll soon see, today it was all about ASX materials shares:

ASX 200 miners top trading volumes on Monday

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium producer Pilbara Minerals is often at the top of this list. But, today, it has to contend with the number 3 spot. This Monday has seen a hefty 18.37 million Pilbara shares bought and sold.

Since there are no major news or developments out of the company today, we can safely assume this high trading volume is the result of Pilbara’s sizeable share price jump today. Pilbara shares finished up a healthy 6.28% to $2.20 a share. As my Fool colleague Kerry covered earlier today, this seems to be the result of a sector-wide appetite for ASX lithium shares.

Alumina Limited (ASX: AWC)

Aluminium and alumina producer Alumina Limited is our next ASX 200 share to check out today. This Monday has seen a substantial 20.86 million Alumina shares swap hands.

Again, we didn’t seen any major news out of this company. However, Alumina is another ASX share that rose swiftly today, closing up 5.67% to $1.77 a share. It’s probably this lift in valuation that is behind so many shares flying around the markets.

South32 Ltd (ASX: S32)

Diversified ASX miner South32 is our most traded ASX 200 share today, with a massive 31.87 million shares changing owners. Like the above shares, South32 has also enjoyed a massive revaluation from investors this Monday.

At close of trade, the South32 share price finished up a robust 6.21% to $3.08 a share. That pretty much hits the company’s 52-week high of $3.09. It’s probably the result of this big move upward that we saw so many S32 shares traded today.

The post ASX 200 miners dominate most traded shares on Monday appeared first on The Motley Fool Australia.

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More reading

ASX 200 rises, Altium sinks, Fortescue climbs

Why the Pilbara Minerals (ASX:PLS) share price is surging 7% today
Why ASX lithium shares are having a bumper start to the week

The materials sector is leading ASX 200 shares today

Australia’s rising delta recession risk could hit these ASX 200 shares badly

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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