Why these 4 ASX shares are ending the week in the red

The Baby Bunting Group Ltd (ASX:BBN) share price is one of four ending the week in the red. Here's why…

| 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

It has been a disappointing end to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the index has followed the lead of international markets and sunk almost 1.3% to 5,684 points.

Four shares that have fallen more than most today are listed below. Here's why they are ending the week in the red:

The Australian Agricultural Company Ltd (ASX: AAC) share price has fallen 7% to $1.52 after the surprise resignation of its managing director and CEO Jason Strong. No reason has been given for Mr Strong's resignation after four years in the top job, but it clearly has spooked the market judging by the share price decline today.

The Baby Bunting Group Ltd (ASX: BBN) share price has plunged 13% to $1.69 following the release of its full-year results. Despite pro-forma net profit after tax growth of 22% to $13 million, the market appears to have responded negatively to its plans to invest heavily during the year ahead.

The REA Group Limited (ASX: REA) share price has tumbled 6% to $64.23. This morning the property listings company announced that full-year statutory net profit had fallen 12% to $206.3 million. Furthermore, management's FY 2018 outlook advised that operating expense growth would exceed revenue growth in some quarters.

The Sigma Healthcare Ltd (ASX: SIG) share price has fallen almost 8% to 85.7 cents following the release of yet another trading update. According to the release, Sigma has downgraded its full-year earnings guidance to $90 million from $95 million due to the steps taken to combat tough trading conditions and win market share. Yet another reason to avoid the shares of Sigma in my opinion.

Motley Fool contributor James Mickleboro 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.

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
ETFs

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 »