Which ASX 200 share was the most heavily traded on the share market today?
The post Here are the 3 most heavily traded ASX 200 shares this Monday appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) is having a disappointing start to the trading week today. At the time of writing, the ASX 200 is down 0.81% to 7,288 points.
But let’s dive deeper into the ASX 200 shares that are seeing the heaviest trading volume today:
3 ASX 200 shares that are trading heaviest this Monday
Alumina Limited (ASX: AWC)
Aluminium producer Alumina is our first ASX 200 share to check out today. So far, a hefty 12.54 million Alumina shares have traded hands this Monday. That might be the result of the Alumina share price losing a nasty 3.12% to $1.55 a share so far today.
This share price move might be a result of the company’s quarterly earnings announcement that was released back on Friday morning. This announcement revealed that Alumina’s earnings from both its alumina and bauxite Alcoa divisions fell over the second quarter compared to the previous quarters’ numbers. Investors don’t seem to be impressed.
Evolution Mining Ltd (ASX: EVN)
ASX 200 gold miner Evolution is our second share to check out today. A sizeable 14.16 million shares have traded on the ASX boards so far. Again, this is probably a direct result of the poor Evolution share price performance so far this Monday. At the time of writing, Evolution is down a painful 9.17% to $4.26 a share.
As my Fool colleague Zach covered this morning, this appears to be a reaction to several brokers downgrading their estimations of Evolution. Investors seem to have taken this to heart, and might be selling Evolution as a result.
Betmakers Technology Group Ltd (ASX: BET)
Yet another ASX 200 share in the wars today is Betmakers, which is also the most heavily traded ASX 200 share so far today. Betmakers shares are currently down 7.65% to 90 cents a share. This move seems to have resulted in a whopping 25.29 million shares changing owners today so far.
Today’s drop in value might be a result of Betmakers’ announcement this morning that one of its directors has entered into a “funding arrangement” with an investment bank, using Betmakers shares as security. This comes after another announcement last Friday, which informed investors that it had updated its partnership with the Waterhouse Group.
The post Here are the 3 most heavily traded ASX 200 shares this Monday appeared first on The Motley Fool Australia.
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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. owns shares of and has recommended Betmakers Technology Group Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.