4 stocks crushed by the ASX today

ASX falls 0.7%, but these four companies lost more than 5%

| More on:
a woman

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 (Index: ^AXJO) (ASX: XJO) continues to slide, and has now dropped 0.7% in to 5,407.3. The big banks and insurers lead the way down.

But several companies have fared even worse today, with these four falling more than 5%. Here's our take…

Atlas Pearls and Perfumes Ltd (ASX: ATP) dropped 12.5% to 10.5 cents, but is still up 69% over the past six months. A producer of pearls and perfumes, Atlas farms pearls in Indonesia and a processing facility in Tasmania. In late August, Atlas announced a 56% increase in revenues for the 2014 financial year, thanks to growing and sustainable demand for pearls globally.

TZ Limited (ASX: TZL) fell 11.1% to 12 cents. Year-to-date, shares are flat, despite a rise above 20 cents in late January. The company which supplies locking solutions to data centres, automated parcel centres and the e-commerce market, recently announced a strategic purchase order from a major European multinational banking and financial services company for the Singapore market.

iProperty Group Ltd (ASX: IPP) closed down 8% lower at $2.66. The company that operates real estate portals in Malaysia, Indonesia, Singapore and Hong Kong as well as other Asian countries, has seen its share price slump 21% in the past month. Two months' ago, REA Group Limited (ASX: REA) bought a 17% stake in the company – perhaps hoping to emulate its outstanding success in Australia, and iProperty's shares went on a tear at the time.

SAI Global Limited (ASX: SAI) lost 5.6% to finish at $4.18, after the company reported that one of its potential bidders has not submitted a final offer for the company, claiming uncertainty in relation to one part of SAI Global's business. As such, the board has decided not to proceed further with this bidder, and will instead evaluate the proposals it has received.

Luckily, investors have alternatives, such as this one we rank as the top dividend stock over the next 12 months…

Motley Fool writer/analyst Mike King owns shares in iProperty Group. You can follow Mike on Twitter @TMFKinga

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »