Why these 10 ASX 200 shares are down more than 10% this month

The ASX 200 has had an up and down start to December, but these 10 shares have plummeted 10% or more in the space of 2 weeks.

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It's been an up and down start to December for ASX 200 shares.

The S&P/ASX 200 Index (INDEXASX: XJO) has edged just 0.05% higher as we head towards the Christmas/New Year period.

But while there have been some winners such as Lynas Corporation Ltd (ASX: LYC) in December, there have also been plenty of losers.

Here are 10 ASX 200 stocks that have fallen 10% or more since the start of December.

1. Smartgroup Corporation Ltd (ASX: SIQ)

The Smartgroup share price plunged 15.21% on the ASX yesterday after an earnings downgrade and has continued its downward slide today, falling another 6.33% to $7.10 per share at the time of writing.

The group's insurance underwriting partner is changing its insurance products and management is forecasting a reduction in net profit after tax of $4 million.

Smartgroup shares have now fallen 21.63% lower since the start of December.

2. Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is down 14.04% since the start of the month.

The Aussie gold miner has struggled for capital gains and is down nearly 60% since 22 July.

Positivity around the US–China trade war and Brexit have put gold miners like Regis under pressure this month.

3. Sigma Healthcare Ltd (ASX: SIG)

The Sigma Healthcare share price was smashed 9.85% yesterday after Australian Pharmaceutical Industries Ltd (ASX: API) sold its stake in the group.

Sigma shares continued falling today, down another 5.55% in morning trade. The Sigma share price is now down 17.64% since the start of December, but flat for the year.

4. Boral Limited (ASX: BLD)

Boral shares are yielding 5.82% at the moment thanks to its 11.32% share price decline this month.

The Aussie building supplies group has downgraded profits 4 times in the last 18 months and plummeted lower after an update about "financial irregularities" in its windows business.

5. Whitehaven Coal Ltd (ASX: WHC)

Whitehaven shares have slumped lower in early December after an FY20 guidance downgrade.

The coal miner is forecasting lower earnings after a skills shortage has reduced output at its Maules Creek site.

Whitehaven shares are now down 13.65% since the start of the month.

6. Perenti Global Ltd (ASX: PRN)

Formerly Ausdrill Ltd, Perenti shares are down 15.30% since the start of December.

Perenti shares were smashed 18.66% yesterday after lowering its net profit forecast and announcing a contract termination and have fallen another 2.65% in morning trade today.

It hasn't been all bad news for shareholders in 2019, with the Perenti share price up 54.55% for the year.

7. Viva Energy Group Ltd (ASX: VEA)

Viva Energy shares fell 6% last Monday after downgrading its 2019 profit guidance.

Lower refining and retail market margins have put pressure on earnings and sent the Viva Energy share price crashing 14.47% lower this month.

8. McMillan Shakespeare Limited (ASX: MMS)

The salary packaging group's shares are down 11.29% this month after a trading update in early December.

Challenging conditions across Australia, New Zealand and the UK saw the group issue a negative outlook for FY20.

9. WiseTech Global Ltd (ASX: WTC)

The WAAAX stock has been one of the worst performers amongst the ASX 200 this month.

WiseTech shares are down 13.70% since the start of December thanks to the US–China trade war rhetoric.

The ongoing volatility in trade relations has seen WiseTech shares hammered, but they're still up 39.63% for the year.

10. Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price has slumped 10.86% since the start of December.

The Aussie winemaker's shares have been under pressure after a copycat threat to its Penfolds brand surfaced.

The group is looking to protect its premium label but the China-based threat has put its share price under pressure.

Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool Australia owns shares of WiseTech Global. 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.

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