In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed Wall Street's lead and dropped into the red. At the time of writing, the benchmark index is down 0.4% to 7,309.4 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
Commonwealth Bank of Australia (ASX: CBA)
The CBA share price is down 2% to $99.50. This has been driven by the banking giant's shares trading ex-dividend on Wednesday. Eligible shareholders can now look forward to receiving CBA's $2.10 per share fully franked interim dividend at the end of next month on 30 March.
Coronado Global Resources Inc (ASX: CRN)
The Coronado Global share price is down over 5% to $2.01. This follows the release of the coal miner's full-year results this morning. Coronado Global reported a 66.2% increase in revenue to US$3,571.5 million and a 307.4% jump in net profit to US$771.7 million. The latter was a touch short of Goldman Sachs' estimate of US$780 million.
Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's share price has crashed 25% to $53.79. Investors have been hitting the sell button in a panic today after the pizza chain operator's performance deteriorated in December and led to an even weaker than expected half-year result. The company has been struggling in its battle with inflation.
St Barbara Ltd (ASX: SBM)
The St Barbara share price is down 10% to 57.5 cents. This follows the release of the gold miner's half-year results, which revealed a 52% decline in gross profit to $70 million and a statutory loss of $407 million. The latter reflects the non-cash impairment of its Atlantic and Simberi operations.
