The S&P/ASX 200 Index (ASX: XJO) is on course to end a very positive year with a decline. At the time of writing, the benchmark index is down 0.5% to 7,477 points.
Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:
4DS Memory Ltd (ASX: 4DS)
The 4DS Memory share price is down 10% to 9 cents. This follows the release of a response to an ASX price query following a sharp rise in its semiconductor company’s share price. 4DS revealed that it could not explain the rise, which appears to have deflated whatever optimism drove its shares higher.
Healius Ltd (ASX: HLS)
The Healius share price is down 1.5% to $5.27. This healthcare company’s shares have come under a spot of pressure this week after the government promoted the use of rapid antigen tests. Healius has been a big winner from sky high COVID-19 testing volumes over the last 18 months.
Helloworld Travel Ltd (ASX: HLO)
The Helloworld share price is down over 2% to $2.46 despite there being no news out of the travel company. However, prior to today, its shares were up 13% since the start of December. This could have led to some investors taking a bit of profit off the table on Friday.
Humm Group Ltd (ASX: HUM)
The Humm share price is down 2.5% to 91 cents. This financial services and buy now pay later provider’s shares have come under pressure after Bank of Queensland Limited (ASX: BOQ) quashed speculation that it was looking to acquire it. Earlier this month Humm revealed that it had received a number of takeover enquiries and was willing to engage with these suitors. However, Bank of Queensland doesn’t appear to be one of them.
