The Motley Fool

Why these 4 ASX shares are sinking lower today

After a bad start to the day the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has fought back and is up 0.3% to 5,744 points in afternoon trade.

Four shares that have failed to follow the market higher today are listed below. Here’s why they have sunk lower:

The Boral Limited (ASX: BLD) share price is down almost 5% to $5.36 on the day of its annual general meeting. Ahead of the meeting the building products company released its first-quarter trading update. That update revealed that its first quarter performance has been impacted by a reduction in building construction activities due to poor weather. However, management’s guidance for the full year remains largely unchanged.

The BWX Ltd (ASX: BWX) share price has continued its decline and is down a further 6% to $2.63. The personal care products company’s shares fell heavily on Monday following the release of a trading update which revealed that normalised EBITDA in FY 2019 is expected to be broadly in line with its FY 2018 result. BWX CEO Myles Anceschi has blamed the disruption caused by the failed takeover for the poor performance.

The Lovisa Holdings Ltd (ASX: LOV) share price has plunged 19% to $6.78. This morning the jewellery retailer provided a trading update ahead of its annual general meeting. According to the release, Lovisa has seen its comparable store sales decline 0.9% year to date. Management is optimistic that things will improve during the all-important Spring Racing and Christmas trading periods, but some shareholders aren’t sticking around to find out.

The Resapp Health Ltd (ASX: RAP) share price has crashed 50% lower to 11 cents after the release of the digital health company’s SMARTCOUGH C-2 study results. Those results were well below expectations and have left investors concerned that the technology doesn’t have a future. I would suggest investors resist buying the dip and focus on investment opportunities elsewhere in the sector.

The best dividend share to buy in 2019 named 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 and has recommended BWX 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.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now