The S&P/ASX 200 Index (ASX: XJO) is having a very bumpy start to the trading week this Monday.
At the time of writing, the ASX 200 is essentially flat, down by a weak 0.07% at 6,787 points. This comes after the ASX 200 had played jump rope with the breakeven line all day, with stints in both positive and negative territory so far.
But rather than trying to decipher those moves, let's instead look deeper at the ASX 200 shares currently at the top of the ASX 200's share trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Monday
South32 Ltd (ASX: S32)
Mining company South32 is our first ASX 200 share to take a glance at this Monday. So far today, a notable 16.56 million South32 shares have been dug up and sold to investors. This volume has probably been pushed along by the release of South32's quarterly update this morning.
As we covered at the time, South32 reported some pleasing results. These included higher production of aluminium, copper, manganese, nickel, and zinc. South32 shares have put on 0.71% to $3.555 so far today.
Zip Co Ltd (ASX: ZIP)
The second ASX 200 share worth checking out today is buy now, pay later (BNPL) share Zip. This Monday has seen an impressive 17.2 million Zip shares trade on the markets thus far. This looks to have been sparked by the volatility we have seen with Zip shares today.
The BNPL share is currently down by 0.57% at 87.5 cents a share. But it has been as low as 80 cents and as high as 92 cents over just this trading day alone. Such bouncing around is always going to promote higher volumes, and that looks like what is happening with Zip presently.
EML Payments Ltd (ASX: EML)
EML payments is our third and final ASX 200 share experiencing elevated trading volumes this Monday. So far today, a sizeable 17.34 million EML shares have been bought and sold on the market. Unfortunately for investors, this looks like a consequence of this company's precipitous share price drop today.
The payments company is currently down a nasty 22% to 93 cents a share. This drop seems to be caused by the company's announcement this morning that the Central Bank of Ireland remains unhappy with EML's remediation program.
