The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has certainly had a strong start to the week. In afternoon trade the benchmark index is up 0.6% to 5,746 points.
Four shares which haven't been able to follow the market higher are listed below. Here's why they started the week in the red:
The AuMake International Limited (ASX: AU8) share price has plunged 20.5% to 15.5 cents. AuMake is an Australian-owned retail company which connects Australian suppliers directly with daigou and Chinese tourists. It hit the ASX boards at a listing price of 8 cents last week, meaning its shares are still up almost 100% despite today's decline.
The Fortescue Metals Group Limited (ASX: FMG) share price has fallen almost 2.5% to $5.05. This morning Deutsche Bank suggested that the recent dip in the iron ore price might be a buying opportunity for rivals Rio Tinto Limited (ASX: RIO) and BHP Billiton Limited (ASX: BHP), but didn't appear to believe it was for Fortescue.
The Oliver's Real Food Ltd (ASX: OLI) share price has tumbled 9% to 20 cents despite there being no news out of the healthy fast food company. After a strong start to life on the Australian share market, its shares have now fallen almost 55% from their high. The current share price could make it worth a look potentially.
The Orocobre Limited (ASX: ORE) share price is down almost 3% to $5.01 today. Most of the lithium miners are lower today as their bullish run starts to show signs of fading. Whilst I think they all have bright futures due to the insatiable demand for lithium carbonate, I believe that this has now been built into their respective share prices.
