The 'Santa rally' has rolled-on again today and this has seen the S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) gain another 0.29% to 5,629 points.
The benchmark index is now trading at its highest level all year, with particularly good gains coming from the consumer staples and telecommunications sectors.
Four shares that have totally missed out on today's positive sentiment, include:
Estia Health Ltd (ASX: EHE)
It has been a year to forget for shareholders of Estia Health and it looks as though the shares will finish the year on a low. They have fallen another 5.3% today, taking their year-to-date loss to 66%. The aged care provider has not released any market announcements today, although some investors are probably selling out in the hope of finding more attractive opportunities for the year ahead.
Slater & Gordon Limited (ASX: SGH)
Shares of Slater & Gordon have fallen more than 6.1% today as investors continue to react to yesterday's announcement that ASIC would be investigating the company for allegedly falsifying its accounts. This is yet another drama for the embattled law firm and raises further questions about the credibility of its board and management. To top things off, shares of Slater & Gordon have fallen more than 76% since the start of the year.
Caltex Australia Limited (ASX: CTX)
Shares of Caltex have dropped more than 2% today after the company announced it will acquire New Zealand-based fuel company, Gull New Zealand, for $325 million. Although the deal is expected to be earnings per share accretive in the first full year of ownership, Caltex has not detailed how exactly it will fund the purchase.
Shaver Shop Group Ltd (ASX: SSG)
Shares of the Shaver Shop have continued a recent slide today, falling another 6.1% to 77 cents. It comes after the company hinted to the market that it would be heavily reliant on a strong Christmas trading period to meet its FY17 prospectus forecasts. The shares have now lost around 27% since debuting in July this year.
