In afternoon trade the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given back its early gains but is still up almost 0.1% to 6,003 points.
Four shares that have not been able to follow the market higher today are listed below. Here's why they sank lower:
The Asaleo Care Ltd (ASX: AHY) share price has tumbled 5% to $1.50 after the personal care company downgraded its full-year earnings guidance. Due to the underperformance of its Feminine Care category, management expects underlying net profit after tax to be down between 7.1% and 8.7% year-on-year. Previous guidance had been for low single digit growth in FY 2018.
The Bell Financial Group Ltd (ASX: BFG) share price has fallen 7% to 68 cents. This morning the financial services company advised that major shareholder UBS would be selling its 16.5% stake. No details have been provided, other than that its Bell Potter Securities business would be acting as the broker for the sale.
The RXP Services Ltd (ASX: RXP) share price is down 7% to 64 cents following the release of a trading update. The digital services consultancy provider downgraded its full-year revenue guidance to the range of $162 million to $167 million with an EBITDA margin in the range of 14.6% to 15.1%. Previously RXP expected revenue to be $174.7 million with an EBITDA margin of 15.1%. Management does, however, remain committed to its progressive dividend policy.
The Virgin Australia Holdings Ltd (ASX: VAH) share price is down 5% to 27 cents despite there being no news out of the airline. Prior to today its shares had rallied almost 24% in just one month, which could mean that today's decline is related to profit taking.