The Motley Fool

Why these 4 ASX shares have sunk lower today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has fallen heavily on Tuesday amid the domestic political chaos. The benchmark index is down almost 1% to 6,284.6 points at the time of writing.

Four shares that are falling more than most today are listed below. Here’s why they are sinking lower:

The Amcor Limited (ASX: AMC) share price has fallen 4% to $13.69 after the packaging company released a weak full-year result. Amcor achieved revenue growth of 2.4% to US$9,101 million and profit after tax growth of 3.3% to US$701.2 million in FY 2018. This result was, however, positively impacted by currency movements. In constant currency terms revenue would have been down 0.6% and profit after tax would be 0.2% lower year-on-year.

The BHP Billiton Limited (ASX: BHP) share price has fallen almost 2% to $32.58 after the mining giant released its full-year results. According to the release, total revenue jumped 20% to US$43.6 billion and underlying net profit surged by a third to US$8.9 billion thanks to higher commodity prices and increased production of its key commodities. BHP declared a record final dividend of 63 U.S. cents compared to 43 U.S. cents per share last year, taking its fully franked total dividend to US$1.18 for FY 2018.

The Insurance Australia Group Ltd (ASX: IAG) share price has dropped over 3% to $7.59. The majority of today’s decline can be attributed to the insurance company’s shares going ex-dividend this morning for its final dividend. Eligible shareholders can now look forward to receiving this 20 cents per share fully franked dividend in their nominated accounts on September 27.

The REA Group Limited (ASX: REA) share price is down 3% to $90.66 after the real estate listings company’s CEO offloaded all but 12 of her shares. Late yesterday a change of director’s interest notice revealed that CEO Tracey Fellows had sold 10,206 shares for a total of $911,490.06. This means an average price of $89.31 per share. No explanation for the sale was given with the release, but the AFR has reported that the sale was made for personal reasons.

OUR #1 dividend pick to grow your wealth now is revealed for FREE here!

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Insurance Australia Group Limited. The Motley Fool Australia has recommended REA Group Limited. 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 Scott Phillips.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.