Trading on the ASX was fairly flat today, with the S&P/ASX 200 Index (INDEXASX: XJO) closing at 7125.10 points, down marginally by 0.07%.
Here are 3 ASX shares that performed worse than most as we take a look at what might be behind these falls.
Blackmores Limited (ASX: BKL)
The Blackmores share price dropped 4.05% lower by the close of trading today to reach $70.62. Today's fall is on top of a 17.7% decline last week.
A poor market reaction to the release of Blackmores' half-year results and a profit warning for the second half saw the company as one of the worst performers on the ASX 200 last week.
Net profit after tax (NPAT) was reported to have fallen 48% to $18.3 million in the first half from $34.3 million, while full-year NPAT is expected to be in the range of $17 million to $21 million.
Concerns about how the coronavirus will impact Blackmores' performance in its China operations have been weighing heavily on the Blackmores share price performance in recent weeks. Some of the company's e-commerce partners have cancelled or modified February promotions due to the slowdown in China freight.
Corporate Travel Management Ltd (ASX: CTD)
The Corporate Travel share price saw a 3.88% decline to close at $16.35 at the end of today's trading. Corporate Travel shares have declined by 26% since mid-January, when concerns about the impact of the coronavirus on the travel industry first emerged.
These concerns seem to be further weighing on the Corporate Travel share price today. Investors appear to be still concerned that demand for business travel will be negatively impacted due to the travel restrictions that have been put in place into and out of mainland China.
Corporate Travel Management recently advised that it was monitoring the situation and will provide an update to the market when its half-year results are released on Wednesday, 19 February.
WISR Ltd (ASX: WZR)
Finally, the share price of fintech provider Wisr was down by 5.26% today to close at $0.27.
Wisr is a marketplace lender that builds products, apps, and services for Australian consumers. Wisr's loans can be used for purposes including debt consolidation, buying a vehicle, home renovations, wedding and travel.
Wisr's share price fall today doesn't appear to be linked to any recent announcement. However, this continues on from the fall it experienced on Friday last week when its share price lost 9.5% on the day.
Prior to this, Wisr has had a very strong run on the market since last November. So, recent falls could well be due to investors taking some profit off the table.
