The S&P/ASX 200 Index (ASX: XJO) is having a poor session on Thursday. In afternoon trade, the benchmark index is down 0.65% to 7,060.4 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
AMP Ltd (ASX: AMP)
The AMP share price is down 15% to 86.7 cents. Investors have been hitting the sell button today despite the financial services company announcing plans to open a digital bank for small businesses. It seems that the market may not be overly keen on the plan. In addition, management warned that margin pressures were expected to continue.
ANZ Group Holdings Ltd (ASX: ANZ)
The ANZ share price is down over 3% to $24.19. This has been driven by the banking giant's shares going ex-dividend this morning. Eligible shareholders can now look forward to receiving the bank's dividends next month on 22 December. ANZ is paying 94 cents per share to shareholders. This comprises an 81 cents per share ordinary dividend partially franked at 65% and an additional one-off unfranked dividend of 13 cents per share.
Atlantic Lithium Ltd (ASX: A11)
The Atlantic Lithium share price is down 7.5% to 52.2 cents. Investors may be taking profit after a strong gain on Wednesday. That was driven by news that the lithium explorer has rejected a takeover approach from a major shareholder.
Sonic Healthcare Ltd (ASX: SHL)
The Sonic Healthcare share price is down 4% to $29.24. This morning, this healthcare company announced an agreement to acquire US-based Pathology Watch for US$130 million (AU$200 million). It is a pre-profit medical technology business that has developed and commercialised an integrated, end-to-end digital pathology platform for skin pathology.