In a topsy-turvy day on the ASX today, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) closed down 0.6% at 5,080.5.
It looks like 2015 is going to be a dismal year for many shareholders, with the index down 6% year-to-date.
Still, it could've been worse. The market could have fallen as far as these shares…
Cardno Limited (ASX: CDD) saw its share price sink 7.1% to $1.52. The consulting and environmental services company continues to see its share price fall, after losing 44% on one day earlier this month, following a rights issue to raise $78 million. Perhaps shareholders have lost faith and are bailing rather than kick in more capital.
Transpacific Industries Group Ltd. (ASX: TPI) saw its share price drop 5.0% to $0.67. For the year, the recycling and garbage disposal company's share price is down over 25%. Colleague John Hopkins covered the company in some detail here in August, suggesting the steps are in place for a continued turnaround in Transpacific.
Platinum Asset Management Limited (ASX: PTM) saw its share price fall 5.0% to $7.68, despite no news from the well-known fund manager. Earlier this week, Platinum reported that it had $27.2 billion in funds under management, down from $28 billion at the end of October 2015, with most of the fall attributed to falls in global equity markets.
Premier Investments Limited (ASX: PMV) saw its share price slide 4.4% to $13.62, despite a survey suggesting retailers are entering the 2015 Christmas season more optimistic than they have been about sales since the survey began 4 years ago. Premier owns Smiggle, Just Jeans, and Jay Jays as well as Peter Alexander, Jacqui-E, Dotti and Portmans fashion brands.
