The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is having a disappointing start to the week due to heavy declines in the banking sector. In afternoon trade the index is down 0.6% to 5,751 points.
Four shares which have fallen more than most today are listed below. Here's what you need to know:
The Asaleo Care Ltd (ASX: AHY) share price has fallen 6% to $1.39 despite there being no news out of the personal care company. Its shares have now fallen over 27% since the middle of last month when its CEO and managing director Peter Diplaris sold half his stake in the company.
The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price has tumbled 4% to $10.71. Today's decline came after the regional bank released pro-forma financial information adjusted for a change in treatment of its Homesafe income and funding costs. These changes exclude any unrealised income and associated funding costs and would have reduced its half-year cash earnings by approximately $21.2 million or 4.5 cents per share.
The Grange Resources Limited (ASX: GRR) share price has fallen almost 7% to 14 cents after the iron ore mining and pellet production company released a market update. According to the release 2017 production output is expected to decrease by between 400,000 and 500,000 tonnes of iron ore product due to remediation work at its North Pit.
The Retail Food Group Limited (ASX: RFG) share price is down 9% to $4.75. Concerns over the impact accounting changes will have on the business in FY 2019 led to UBS downgrading the company's shares to a sell rating with a $4.70 price target. With its shares now changing hands at 11x trailing earnings, I think the company behind brands such as Gloria Jean's and Donut King could be worth a closer look.
