Money Why these 4 ASX shares sank like stones today

01:18  12 january  2018
01:18  12 january  2018 Source:   The Motley Fool

JB Hi-Fi Limited shares storm higher on broker upgrade

  JB Hi-Fi Limited shares storm higher on broker upgrade The JB Hi-Fi Limited (ASX:JBH) share price has been a big mover on Thursday after a broker upgrade. Here’s what you need to know…In morning trade the retailer’s shares are up 4.5% to $27.99 despite the market sinking notably lower.

Here’s why they have sunk like stones : The Fisher & Paykel Healthcare Corp Ltd ( ASX : FPH) share price has continued to slide lower, this time by 4 % to .43. Today ’s decline is likely to be attributable to a research note out of the equities desk of Macquarie this morning.

Unfortunately not all shares have followed the market higher today . Here’s why these four shares have sunk like stones : The Healthscope Ltd ( ASX : HSO) share price has continued its decline and fallen a further 5% to .75.

  Why these 4 ASX shares sank like stones today © AAP Images It has been another disappointing day for the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) on Thursday. In afternoon trade the index is down 0.5% to 6,064 points.

Four shares falling more than most today are listed below. Here’s why they have sunk like stones:

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Galaxy Resources Ltd

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Manchester City's Aguero heads last-gasp winner in League Cup semi first leg

  Manchester City's Aguero heads last-gasp winner in League Cup semi first leg Manchester City forward Sergio Aguero's last-gasp header secured a 2-1 victory over Bristol City in their League Cup semi-final first leg on Tuesday after the second-tier side had frustrated the Premier League leaders. © REUTERS Carabao Cup Semi Final First Leg - Manchester City vs Bristol City City, who have dished out a string of maulings in a stellar league campaign, found the Championship side a tough nut to crack and had to wait until the 92nd minute to grab the winner when Argentine substitute Aguero darted in to head home.

Four shares falling more than most today are listed below. Here’s why they have sunk like stones Does your portfolio need a lift after today 's heavy declines? Then don't miss out on these stellar growth shares . Top 3 ASX Blue Chips To Buy In 2018.

The Myer Holdings Ltd ( ASX :MYR) share price is one of five to have sunk lower today . Here's why If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed.

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The Auscann Group Holdings Ltd(ASX: AC8) share price is down a further 10% to $1.46. Traders appear to be taking profit after pot stocks rocketed higher following changes to medicinal cannabis export regulations by the Federal Government. AusCann’s shares are still up 78% year-to-date even after two consecutive days of heavy declines.

The Blackmores Limited(ASX: BKL) share price has fallen almost 6% to $153.75 despite there being no news out of the health supplements company or broker notes that I am aware of. While the sell-off is disappointing for existing shareholders, I think it could be an opportunity for non-shareholders to get hold of its shares at a fairer price.

The Carsales.Com Ltd(ASX: CAR) share price is down 5% to $14.27 following the release of a negative broker note out of Credit Suisse. According to the note, the broker has downgraded Carsales.com’s shares to an underperform rating from neutral. Last month UBS also downgraded the car listings company’s shares to a sell rating amid concerns that too much growth had been baked into its share price.

Uber ex-CEO Kalanick selling nearly a third of stake for $1.4 billion: source

  Uber ex-CEO Kalanick selling nearly a third of stake for $1.4 billion: source Kalanick's sale is part of a deal struck by a consortium led by SoftBank Group Corp which is taking a 17.5 percent stake in Uber, mostly by buying shares from early investors and employees. SoftBank last week secured agreements from shareholders who were willing to sell, and the deal will close early this year, Uber said.The SoftBank deal values Uber at $48 billion, about a 30 percent discount from its most recent valuation of $68 billion. However, the investor consortium is also making a $1.25 billion investment of fresh funding at the older, higher valuation.

Four shares that haven’t been able to follow the market higher today are listed below. Here’s why they sank lower Finally, instead of buying the a2 Milk and Bellamy's dip, I would suggest investors consider these top growth shares . Top 3 ASX Blue Chips To Buy In 2017.

Four shares that have not been able to follow the market higher today are listed below. Here’s why they sank lower The Bell Financial Group Ltd ( ASX : BFG) share price has fallen 7% to 68 cents. This morning the financial services company advised that major shareholder UBS would be selling its

The Galaxy Resources Limited(ASX: GXY) share price has plunged over 7% to $4.13. The majority of the lithium miners have sunk lower today as traders take profit off the table. Prior to today Galaxy Resources’ shares had gained over 30% in the space of just one month. I think the lithium miner is a great long-term investment option, but I would hold off an investment until things settle.

This diamond studded smartwatch costs nearly $200K .
TAG Heuer’s latest creation is the world’s most expensive smartwatch to date, but its tech is standard wearable fare.TAG Heuer added 589 baguette-size diamonds (that's 23.35 carats worth of precious stone) to its latest smartwatch, which it showed off at this week's Salon International de la Haute Horlogerie Geneve. Diamonds aren't cheap, and neither is this watch: It costs 190,000 Francs, according to DroidLife, which converts to just over $197,000.

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