Why these 7 shares are getting smashed today

The Trump rally has continued for a second consecutive day and this seen the S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) rise by 0.3% to 5,345 points.

The big four banks and miners have led the market higher today, with the gold, property and utility sectors coming under the most pressure.

Four shares that are missing out on today’s gains, include:

Virtus Health Ltd (ASX: VRT)

Shares of Virtus Health have fallen more than 6.1% today as investors re-assess the fertility company’s short term outlook on the back of a disappointing trading update. Not only has the company lost market share in Victoria, but the number of new treatment cycles over the first quarter has also fallen by 5.9% from the prior corresponding period. However, as highlighted here, Virtus still remains well placed to capitalise on the long term demographic changes that are occurring globally.

Paladin Energy Ltd (ASX: PDN)

Shares of Paladin Energy have plunged more than 11.5% today after the uranium company revealed that its asset sale program will be delayed. The sales were expected to fetch around US$200 million and be used to repay the company’s convertible bonds due in April 2017. Worryingly, Paladin Energy is still yet to execute a definitive agreement with one of the parties for a sale worth US$175 million that was planned to be completed by the end of the year.

APA Group (ASX: APA)

Shares of APA have fallen nearly 7% today mainly in response to higher bond yields overnight. Like other utility and infrastructure shares, the gas pipeline operator is sensitive to changes in the movement of bond yields and interest rates as this affects the attractiveness of its bond-like dividend yield. A number of other interest rate sensitive shares are also being sold-off today including Transurban Group (ASX: TCL) – down 3.4%, Spark Infrastructure Group (ASX: SKI) – down 3.8% and DUET Group (ASX: DUE) – down 3.9%.

Resolute Mining Limited (ASX: RSG)

Shares of Resolute have plummeted more than 10% today as investors continue to flee the safe haven gold sector on the back of the Trump victory. Investors and traders are now re-assessing the outlook for the precious metal in light of the unexpected reaction from financial markets to Trump’s triumph. As highlighted here, a number of other Australian gold producers are also getting punished today, with the sector as a whole losing around 6.7% by mid-afternoon.

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Motley Fool contributor Christopher Georges has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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