Why these 4 ASX shares are starting the year in the red

It has been a disappointing start to the year for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the index has given back its morning gains and is down almost 0.2% to 6,055 points.

Four shares falling more than most today are listed below. Here’s why they have started 2018 in the red:

The Ardent Leisure Group (ASX: AAD) share price is down 1.5% to $1.97. The entertainment company’s shares rallied strongly at the end of the year following the sale of its bowling business, possibly leading to a spot of profit-taking today.

The Digitalx Ltd (ASX: DCC) share price has fallen 5% to 33 cents. The blockchain company has a tendency to rise and fall with the bitcoin price due to its exposure to bitcoin and cryptocurrency markets. Bitcoin has not fared too well over the last few days.

The OceanaGold Corporation (ASX: OGC) share price has tumbled 3% to $3.35 despite the gold miners climbing higher today following a rise in the gold price. Investors appear less willing to invest in OceanaGold due to regulatory issues its key Didipio mine faces in the Philippines.

The Virgin Australia Holdings Ltd (ASX: VAH) share price is lower by 3% to 27.2 cents. The airline’s shares have rallied over 50% higher in the last three months, which could mean that investors are taking a bit of profit off the table today.

Need a lift after these declines? Then these growth shares could be just what you're looking for.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any of the 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.