In afternoon trade the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is having a bit of a mixed day and is down slightly at 5,985 points..
Four shares which have acted as a drag on the market today are listed below. Here's why they are lower:
The Catapult Group International Ltd (ASX: CAT) share price has fallen almost 7% to $1.62. Today's decline is likely to be in response to the sports analytics company's weaker than expected market update released in late afternoon trade on Wednesday.
The Coca-Cola Amatil Ltd (ASX: CCL) share price is down almost 4% to $7.68. This morning the beverage company was named as a share to underperform by Morgan Stanley following its annual general meeting. The company advised that its EBITDA could be up to $40 million lower in FY 2018 as it invests in order to tackle the decline in volumes it is facing.
The Thorn Group Ltd (ASX: TGA) share price has plunged 9% lower to 60.5 cents after releasing its half-year results. At one stage the financial services company's shares were over 17% lower at a multi-year low of 55 cents after reporting a $9.7 million first-half loss.
The Webjet Limited (ASX: WEB) share price has continued to sink lower, this time by 5% to $9.97. The market appears to be disappointed with the online travel agent's update yesterday and its guidance for FY 2018. I think Webjet could be worth a look after these declines.
