In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is down 1% to 5,649 points after tensions in North Korea rose.
Four shares which have fallen more than most today are listed below. Here's what sent them lower:
The Asaleo Care Ltd (ASX: AHY) share price is down 3% to $1.52 today. Although the personal care company delivered a reasonably mixed full-year result last week, today's decline is largely attributable to its shares going ex-dividend today. Asaleo Care's final partially franked 4 cents per share dividend will be paid to shareholders on September 21.
The Bubs Australia Ltd (ASX: BUB) share price has fallen almost 10% to 61.5 cents following the release of its full-year result after the market closed yesterday. In FY 2017 Bubs posted a statutory loss before tax of $5 million. Whilst the infant formula and baby food company has had a strong start to FY 2018, its unaudited revenue growth of 110% year-to-date appears to have disappointed the market.
The Nanosonics Ltd. (ASX: NAN) share price is down 5% to $2.44. I feel today's decline is likely to be a spot of profit taking after its shares surged significantly higher over the last two trading days. This could arguably be a great opportunity to snap up the shares of the infection control specialist.
The Mesoblast limited (ASX: MSB) share price has fallen almost 12% to $1.42. Today's decline comes after the cell-based medicine developer's shares returned to trade following the announcement of a fully underwritten $50.7 million entitlement offer at $1.40 per share. Management believes the newly invested capital will provide Mesoblast with the balance sheet flexibility required to achieve its near-term corporate objectives.
