The S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) is rallying strongly today thanks to a very positive lead from Wall St.
The benchmark index has gained 1.1% to 5,768 points and every sector, with the exception of the telecommunications sector, is trading in positive territory.
Unfortunately, a handful of shares have totally missed out on today's rally, including:
Telstra Corporation Ltd (ASX: TLS)
After trading ex-dividend yesterday, the Telstra share price has dropped another 1.7% today to $4.56. The shares are now trading at levels not seen since January 2013 and this comes on the back of a pretty disappointing half-year result. Today's move down is probably a result of investors ditching the shares and waiting for the next dividend in six months' time.
iSentia Group Ltd (ASX: ISD)
The iSentia share price has continued on its downward slope today, losing another 2.7% to $1.46. The media monitoring and intelligence company bombed-out after delivering a terrible first-half result and it doesn't appear as though the shares will be receiving a great deal of support anytime soon. The shares have now lost nearly 50% of their value since the result was announced and this has left iSentia with a market capitalisation of less than $300 million.
Sydney Airport Holdings Ltd (ASX: SYD)
The Sydney Airport share price has crashed around 2% today, despite the absence of any news from the company. It appears the prospect of a March U.S interest rate hike is weighing on the shares along with a number of other 'bond-proxies' including the likes of Transurban Group (ASX: TCL). Unfortunately, higher interest rates negatively impact shares like Sydney Airport and Transurban as their dividend yields become less attractive and investors demand a higher return in exchange for the higher risks associated with owning equities.
Hansen Technologies Limited (ASX: HSN)
The Hansen Technologies share price has fallen 1.6% today as investors continue to digest the billing company's weaker-than-expected first-half result. The shares have now lost around 22% of their value since the result and are currently trading at 15-month lows. Although some investors were disappointed with the result, Hansen still operates a very attractive business model which should deliver consistently higher earnings over time. As a result, investors may want to take another look at Hansen at around these prices.
