Why these 4 ASX shares sunk lower today

The Yowie Group Ltd (ASX:YOW) share price is one of four sinking notably lower on Wednesday. Here's why…

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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.

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.

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