These were the worst performing ASX 200 shares in July

These ASX 200 shares were sold off in July…

A woman with a sad face looks to be receiving bad news on her phone as she holds it in her hands and looks down at it.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It certainly was a great month for the S&P/ASX 200 Index (ASX: XJO). Over the period, the benchmark index rose a massive 5.7% to end at 6,945.2 points.

Unfortunately, not all shares climbed with the market. Here's why these were the worst performing ASX 200 shares in July:

EML Payments Ltd (ASX: EML)

The EML share price was the worst performer on the ASX 200 last month with a 14.6% decline. This was driven by the surprise exit of its CEO and an update on its European operations. In respect to the latter, the payments company revealed that the Central Bank of Ireland has not approved the remediation programme for its European operations. The bank identified "shortcomings" in components of the programme, principally the sequencing and approach taken to the risk assessment of its distributors, corporates and customers.

Champion Iron Ltd (ASX: CIA)

The Champion Iron share price was out of form and dropped 11% in July. This was driven largely by weakness in the iron ore price amid concerns over Chinese demand. The latter was not helped by news that Chinese authorities have officially established a new, nationalised iron-ore company called China Mineral Resources Group.

Graincorp Ltd (ASX: GNC)

The Graincorp share price was a poor performer and fell 10.4% last month. This was despite there being no real news out of the company. Though, it is worth noting that the grain exporter's shares traded ex-dividend in July for its latest payout. In addition, with its shares still up over 60% since this time last year, it's possible that some profit taking was happening.

Elders Ltd (ASX: ELD)

The Elders share price also dropped 10.4% in July. Once again, this was despite there being no news out of the agribusiness company. Some investors may have been rotating out of the agricultural sector into the rebounding tech sector last month.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended EML Payments. The Motley Fool Australia has positions in and has recommended EML Payments. The Motley Fool Australia has recommended Elders Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Fallers

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Burgundy Diamond Mines, Clarity Pharmaceuticals, EML, and Zip are sinking today

These ASX shares are ending the week in the red. But why?

Read more »

A worried man holds his head and look at his computer.
Share Fallers

Why 29Metals, Brainchip, Platinum, and Premier Investments shares are falling today

These ASX shares are having a tough time on hump day.

Read more »

Man with his head in his head because of falling share price.
Share Fallers

Why 29Metals, Atlas Arteria, IDP Education, and Mineral Resources shares are falling

These ASX shares are having a tough time on Tuesday. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why ALS, EOS, NRW, and Patriot Battery Metals are dropping today

These ASX shares are starting the week in the red.

Read more »

A man looking at his laptop and thinking.
Technology Shares

Why are these ASX tech shares getting smashed today?

Owners of these two stocks are missing out today.

Read more »

a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.
Share Fallers

Why AGL, Brickworks, IGO, and New Hope shares are dropping today

These ASX shares are having a poor session. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Amcor, Arafura, Brainchip, and South32 shares are tumbling today

These ASX shares are having a tough time on hump day. But why?

Read more »

A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.
Share Fallers

Why Aussie Broadband, Liontown, Metals Acquisition, and Seek shares are falling

These ASX shares are having a poor session. But why?

Read more »