MENU

Why these 4 ASX shares sunk lower today

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has pushed 0.1% higher to 6,069 points thanks largely to gains in the resources sector.

Unfortunately not all shares on the market have been able to push higher. In fact, the four shares listed below have sunk notably lower:

The iSentia Group Ltd (ASX: ISD) share price is down 2% to $1.38 despite there being no news out of the media monitoring company. Earlier today I explained why I think that investors ought to avoid iSentia in 2018.

The Midway Ltd (ASX: MWY) share price has fallen 2% to $2.52 after the wood fibre processor and exporter warned of lower than expected earnings for the first half due to a delay in export shipments. However, management does still expect to achieve consensus earnings forecasts for the full-year despite the slow start.

The Yojee Ltd (ASX: YOJ) share price has tumbled almost 7% to 31.7 cents. The technology company’s shares rallied strongly at the end of last year following a positive market update. I suspect today’s decline is down to traders taking profit now.

The Yowie Group Ltd (ASX: YOW) share price has plunged 33% to 14 cents following yet another sales guidance downgrade. The chocolates company had previously guided to sales growth of 55% in FY 2018, but now expects sales to grow 17%. As well as iSentia, I think Yowie is a company to avoid at all costs.

Need a lift after these declines? Then take a look at this wonder share.

The 66,826.77% “wonder share” that shows no sign of stopping

JUST RELEASED! Check out our brand-new free report, “One Stock to Buy and One to Sell in the Age of Amazon”… revealing our #1 recommendation for the future of online retail in Australia AND the #1 stock our experts are convinced you should unload immediately

Plus, you’ll even discover one special bonus recommendation! It’s a mind-blowing 66,826.77% winner that we believe will rocket into 2018 and beyond.

Your copy of this timely new report is completely free, so don’t miss out. Discover the 66,826.77% wonder stock now. Enter your email address here to discover your brand-new FREE report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended iSentia Group Ltd. 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.