It has been another disappointing day for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the benchmark index is down almost 0.4% to 5,680 points.
Four shares which have fallen more than most today are listed below. Here's why they are lower:
The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price has tumbled almost 4% to $11.53. The majority of today's decline can be attributed to its shares going ex-dividend this morning. Shareholders can now look forward to the regional bank's final dividend of 34 cents per share hitting their bank accounts on September 29.
The Galaxy Resources Limited (ASX: GXY) share price has fallen almost 4% to $2.03. I suspect today's decline is likely to be down to profit taking. After all, the lithium miner's shares have rallied incredibly strongly since the release of its full-year results last week.
The Resapp Health Ltd (ASX: RAP) share price has sunk 12% to 8.7 cents. On Monday the digital healthcare company's shares rallied an incredible 48% after the company revealed that further analysis of the data confirmed that its Smartcough C study was not a representative evaluation of its ResAppDx app. Investors appear to be betting on a better result second time around. I would suggest investors avoid ResApp until its results are known.
The Spark Infrastructure Group (ASX: SKI) share price is down almost 5% to $2.57. Like Bendigo and Adelaide Bank, Spark Infrastructure's shares went ex-dividend this morning. Its shareholders should expect to see its 7.6 cents per share dividend land in their bank accounts on September 15.
