In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has continued its losing streak. At the time of writing, the benchmark index is down 0.9% to 6,838.9 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
Helloworld Travel Ltd (ASX: HLO)
The Helloworld share price is down 6% to $2.37. This morning, this travel company revealed that underlying EBITDA was $16.8 million during the first quarter. While this is a big jump on the prior corresponding period, it appears to have fallen short of expectations.
Judo Capital Holdings Ltd (ASX: JDO)
The Judo Capital share price is down 6% to 79.5 cents. This follows the launch of the lender's inaugural capital notes offer. Judo is aiming to raise $75 million from the offer. This is part of the company's strategic plan to further develop and diversify its funding and capital sources.
New Hope Corporation Ltd (ASX: NHC)
The New Hope share price is down almost 9% to $5.91. This has been driven by the coal miner's shares trading ex-dividend this morning for its upcoming final dividend. Eligible shareholders can now look forward to receiving its 30 cents per share fully franked final and special dividends next month on 7 November.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is down 6% to $3.64. Investors have been selling Pilbara Minerals and other ASX lithium shares on Monday following another poor night for their peers on Wall Street. This appears to have been driven by concerns over the outlook for lithium prices following a note out of Bank of America last week. Its analysts have suggested that the lithium market could be oversupplied in 2024 and 2025.