The S&P/ASX 200 Index (ASX: XJO) had a positive month in June and recorded a gain approximately 1.3%.
Unfortunately, not all ASX 200 shares climbed with the market during the month.
For example, the shares named below were the worst performers on the index with very disappointing declines. Here's what happened:
IDP Education Ltd (ASX: IEL)
The IDP Education share price was the worst performer on the ASX 200 last month with a decline of 53%. Investors were selling the language testing and student placement company's shares following the release of a market update. IDP Education revealed that its key destination markets continue to be impacted by policy uncertainty. This is negatively impacting the size of the international student market globally. In light of this, IDP Education expects to report a 28% to 30% drop in student placement volumes and an 18% to 20% decline in language testing volumes for FY 2025. As a result, the company's EBIT is expected to almost halve year on year.
Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's Pizza share price was out of form and sank 17.8% during the month. This was despite there being no news out of the struggling pizza chain operator. Though, it is worth noting that analysts at Morgan Stanley downgraded its shares from overweight to equal-weight last month. Unfortunately, the pizza seller looks likely to be on the same list next month after being sold off this week following the shock exit of its CEO after just 8 months in the job.
Regis Resources Ltd (ASX: RRL)
The Regis Resources share price dropped 13.6% in June. It was one of a number of gold miners that were sold off after tensions eased in the Middle East and investors decided to take profit. Regis Resources shares are still up over 70% year to date despite this pullback. Perseus Mining Ltd (ASX: PRU) shares weren't far behind with a 12.6% decline during the month.
Web Travel Group Ltd (ASX: WEB)
The Web Travel share price had a tough month and dropped 12.1% over the period. Although there was no news out of the travel technology company, a number of travel shares fell last month amid concerns that tensions in the Middle East could impact tourism during the northern hemisphere summer holiday period. Unfortunately, this decline wiped out all of May's strong gains which were driven by the release of a positive update.
