The S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. In afternoon trade, the benchmark index is up 0.4% to 8,911.3 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:
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Amcor (ASX: AMC)
The Amcor share price is down 10% to $13.57. Investors have been selling the packaging company's shares following the release of its fourth quarter update. Amcor posted a 43% jump in net sales to US$5,082 million. This was thanks to the completion of the Berry Global acquisition at the end of April. And while its EBITDA was also up 43% to US$789 million, this fell comfortably short of the consensus estimate of US$836 million.
Centuria Office REIT (ASX: COF)
The Centuria Office share price is down 3% to $1.26. This office property company's shares are falling after it released its full year results for FY 2025 and reported a 14.5% decline in funds from operations to $70.4 million. This led to the company cutting its dividend by a similar margin from 12 cents per share to 10.1 cents per share. Management is guiding to another decline in funds from operations for FY 2026.
Patriot Battery Metals Inc. (ASX: PMT)
The Patriot Battery Metals share price is down 1% to 46.5 cents. This morning, this lithium explorer released its quarterly update. While it has made plenty of progress with its exploration, it continues to burn through its cash and reported a loss of $1.7 million for the period even after recording $4.2 million of flow-through premium income.
WA1 Resources Ltd (ASX: WA1)
The WA1 Resources share price is down almost 14% to $16.69. The catalyst for this has been the completion of an institutional placement by the niobium company. WA1 Resources revealed that it has received firm commitments to raise $100 million at an issue price of $17 per new share. This follows strong support from new and existing institutional investors across the Americas and Australia. Funds raised will be applied toward pre-development and permitting activities for the Luni Niobium Project, as well as planned capital expenditure relating to supporting infrastructure. Managing Director, Paul Savich, commented: "The Luni Niobium Project is clearly an exceptional asset and this was again reflected in the strong demand recevied for the Placement from existing shareholders and new institutional investors across the world."
