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Why these 4 ASX shares are ending the week in the red

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given back its early gains and is down 0.1% to 5,728.7 points in early afternoon trade.

Four shares that have fallen more than most today are listed below. Here’s why they are ending the week in the red:

The CYBG PLC (ASX: CYB) share price is down 8.5% to $4.49. A sharp decline in the British pound and concerns over Brexit plans appear to be weighing heavily on the UK-based bank’s shares today. In addition to this, investors may be selling their shares ahead of its full year results release next week.

The iSentia Group Ltd (ASX: ISD) share price is down over 3% to 29.5 cents. At one stage the media intelligence company’s shares were down as much as 10% to 27.5 cents. This appears to be down to profit taking from investors after iSentia’s shares rocketed higher on Thursday. Its shares surged higher after it reaffirmed its guidance for FY 2019 at its annual general meeting.

The Kathmandu Holdings Ltd (ASX: KMD) share price has fallen 5.5% lower to $2.46. The majority of the retailer’s share price decline today can be attributed to its shares going ex-dividend this morning for its 10 cents per share final dividend. This dividend will be paid to eligible shareholders in two weeks on November 30. I think Kathmandu could be worth a closer look at these levels.

The Orocobre Limited (ASX: ORE) share price has dropped over 3% to $4.57 despite there being no news out of the lithium miner. But considering its shares were up 24% in the space of just one month prior to today, I suspect that profit taking could be behind today’s share price decline. Orocobre’s shares were given a boost last week when it released an investor update which predicted a tight lithium market over the coming years.

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