The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a positive start to the week and finds itself up 0.7% to 5,713 points in afternoon trade.
Four shares which haven't been able to follow the market higher today are listed below. Here's why they have started the week in the red:
The Bubs Australia Ltd (ASX: BUB) share price has continued its decline and is down 6% to 51.2 cents. Investors have been heading to the exits in their droves since the fledgling infant formula company raised $16 million at 45 cents per share last month. In my opinion its shares are almost to a level that makes them attractive again.
The Independence Group NL (ASX: IGO) share price has fallen 3.5% to $3.79. Almost all Australian gold miners have sunk lower today after the gold price gave back some of last week's gains. The spot gold price is currently fetching US$1,337 an ounce, down from US$1,357 at the end of last week.
The Sandfire Resources NL (ASX: SFR) share price is down 3.5% to $6.20. The majority of today's decline can be attributed to the miner's shares going ex-dividend this morning. Shareholders can now look forward to receiving Sandfire's final fully franked dividend of 13 cents per share on September 26.
The Vocus Group Ltd (ASX: VOC) share price is down almost 2.5% to $2.48 despite there being no news out of the telco company. This latest decline means that Vocus' shares have now fallen over 20% since this time last month.
