The S&P/ASX 200 Index (ASX: XJO) is having a subdued finish to the week. In afternoon trade, the benchmark index is down 0.15% to 7,495.6 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
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A2B Australia Ltd (ASX: A2B)
The A2B share price is down 33% to $1.41. This has been driven by the taxi payments company's shares going ex-dividend today for a special dividend. A2B, formerly known as Cabcharge, is paying shareholders 60 cents per share on 30 January. These funds were raised from the sale of 9-13 O'Riordan Street, Alexandria for $78 million.
Alumina Limited (ASX: AWC)
The Alumina share price is down 2.5% to $1.10. This is likely to have been driven by profit-taking from investors after the alumina producer's shares raced higher earlier this week. Investors were fighting to get hold of the company's shares after its partner, Alcoa (NYSE: AA), decided to curtail production at the loss-making Kwinana operation.
Healius Ltd (ASX: HLS)
The Healius share price is down 5% to $1.50. This morning, analysts at Morgan Stanley downgraded this healthcare company's shares to an underweight rating with a $1.30 price target. The broker believes that there's significant earnings uncertainty and has doubts over its earnings guidance.
Nuix Ltd (ASX: NXL)
The Nuix share price is down 13% to $1.82. Investors have been hitting the sell button today after the investigative analytics and intelligence software provider released a half-year update. Nuix expects to report annualised contract value (ACV) of $196 million to $199 million for the half. This will be up 15% to 17% over the prior corresponding period. While this means that it is on track to achieve its target in FY 2024, it appears to have fallen short of the market's lofty expectations. Its shares are up more than 150% over the last 12 months.
