The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given back its early gains and is down a disappointing 0.1% to 6,007 points in afternoon trade.
Four shares which have acted as a drag on proceedings today are listed below. Here's why they have tumbled lower:
The Asaleo Care Ltd (ASX: AHY) share price has continued its slide lower and is down a further 4.5% to $1.44. The personal care company's shares were downgraded to a sell rating this morning by Citi following its weak trading update and full-year earnings guidance downgrade.
The Credit Corp Group Limited (ASX: CCP) share price has fallen 3.5% to $22.30 despite there being no news out of the debt collection agency. But considering its strong rally this year and relatively expensive shares, I suspect some investors are taking profit today.
The MSM Corporation International Ltd (ASX: MSM) share price has crashed 18% lower to 9 cents. Investors continue to head to the exits after its mobile-based talent competition failed to attract the level of interest that many had expected.
The Wattle Health Australia Ltd (ASX: WHA) share price has continued its poor run and is down 2.5% to $1.62. The infant formula company's shares have now fallen almost 40% in just one month. Its shares are, however, up over 400% during the last six months.
