Here are 3 ASX 200 shares flying around the share market today

Which ASX 200 share was the most heavily traded today?

| More on:
active person star jumping amid city landscape

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 Index (ASX: XJO) is having an interesting start to the trading week this Monday. At the time of writing, the ASX 200 is currently down 0.01% to 7,394 points after hitting a new record high of 7,417.6 points earlier this morning.

So let's take a look at some of the ASX 200 shares that are being traded the most heavily today:

3 ASX 200 shares flying around the share market today

Lynas Rare Earths Ltd (ASX: LYC)

Rare earth producer Lynas is our first ASX 200 share to check out today. So far this Monday, a substantial 16.03 million shares have changed hands. This is almost certainly the result of the massive movement the Lynas share price has seen today. Lynas shares are currently up a whopping 10.22% to $7.08 a share today, after making a brand new 52-week high of $7.12 a share earlier in the day.

This move upwards was in response to a quarterly report the company put out this morning. This report revealed both bumper revenues and production metrics for Lynas, as well as a surge in cash on hand. Clearly, investors approve.

Silver Lake Resources Limited. (ASX: SLR)

ASX 200 gold miner Silver Lake is our second company to look at today, seeing as a hefty 19.16 million shares have swapped hands so far this Monday. Silver Lake is seeing a similar outcome from an opposite cause to Lynas. Today, Silver Lake shares are down a nasty 7.62% at the time of writing to $1.49 a share.

This appears to be a continuation of the reaction investors had last week to Silver Lake's quarterly results, which were released on Friday. Not only did this report reveal a slump in gold sales, but the company was also rather pessimistic about its FY2022 guidance. Silver Lake is now down around 15% from where it ended the trading day last Thursday.

Alumina Limited (ASX: AWC)

Our final ASX 200 share today, and the most traded share on the markets, goes to aluminium producer Alumina. The 21.85 million Alumina shares that have traded hands today is probably the result of the Alumina share price itself. So far this Monday, Alumina shares are up an impressive 5.56% to $1.71 a share.

It's not immediately obvious why this company is jumping so enthusiastically today. However, sentiment seems to be turning with Alumina after an initial dip following its quarterly earnings report on 16 July. Since 20 July, this company is now up more than 11%.

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.

More on Share Market News

a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today
Industrials Shares

Up 39% in a year, is there more growth to come for this ASX 200 share?

IML Equity Analyst Josh Freiman shares his views on a major ASX 200 industrial stock.

Read more »

Man looking at his grocery receipt, symbolising inflation.
Share Market News

What the latest US inflation print means for ASX 200 investors

The ASX 200 is likely to benefit if the US Fed cuts interest rates again in December. But will it?

Read more »

guy helping girl invest in shares and dividends
Opinions

5 ways for investors buying ASX shares to stay focused during economic uncertainty

AMP Chief Economist, Dr Shane Oliver, offers advice on how to handle the Trump factor.

Read more »

A worried man holds his head and look at his computer.
Share Fallers

Why Graincorp, Light & Wonder, Orica, and Wildcat shares are falling today

These shares are having a tough time on Thursday. But why?

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Catapult, Flight Centre, Nufarm, and Xero shares are storming higher today

These shares are having a strong session on Thursday. But why? Let's find out.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Opinions

1 ASX growth stock down 30% I'd buy right now

This international business is growing core earnings at a strong rate.

Read more »

Concept image of a man in a suit with his chest on fire.
Record Highs

How long can the CBA share price keep this up?

Australia's biggest bank is running hot. Does it make any sense?

Read more »

Four people on the beach leap high into the air.
Broker Notes

4 ASX All Ords shares offering 10% to 30% annual growth: brokers

These ASX All Ords stocks have caught the eye of brokers this week.

Read more »