In early afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.3% to 6,998 points.
Four ASX shares have failed to follow the market's lead today are listed below. Here's why they are falling:
Image source: Getty Images
Core Lithium Ltd (ASX: CXO)
The Core Lithium share price is down 2.5% to 37.5 cents. This is despite there being no news out of the lithium miner. However, it is worth noting that most ASX lithium shares are falling on Monday even though their peers on Wall Street ended the week strongly.
Deep Yellow Limited (ASX: DYL)
The Deep Yellow share price is down 9% to $1.20. This may have been driven by profit-taking from some investors in the uranium industry after strong gains in recent months. Deep Yellow's shares have almost doubled in value since the end of July. This has been driven by optimism over long-term uranium demand, which has driven prices of the chemical notably higher.
Goodman Group (ASX: GMG)
The Goodman share price is down 1% to $21.83. This follows the release of the industrial property company's quarterly update. Although Goodman delivered a positive update, some investors may be disappointed that it didn't upgrade its guidance. It continues to forecast operating earnings per share growth of 9% in FY 2024.
Talga Group Ltd (ASX: TLG)
The Talga share price is down 5% to $1.03. This morning, this graphite developer announced a share purchase plan aiming to raise $15 million at a 9% discount of $1 per new share. Proceeds from the share purchase plan will be used to progress critical path development activities for the Vittangi Anode Project, including Refinery site establishment costs, and general working capital.
