In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has put its early declines behind it and climbed 0.1% higher to 6,076 points.
Four shares that have failed to follow the market higher today are listed below. Here's why they have sunk lower:
The Eclipx Group Ltd (ASX: ECX) share price has fallen almost 3.5% to $4.09. The majority of today's decline is attributable to the fleet management company's shares going ex-dividend this morning. Eligible shareholders can look forward to receiving its final dividend on January 19.
The Kogan.com Ltd (ASX: KGN) share price is down 3% to $6.41 despite there being no news out of the online retailer. But with its shares going gangbusters this year I wouldn't be surprised if this decline is related to profit taking.
The Retail Food Group Limited (ASX: RFG) share price has slumped lower after a number of days of solid gains. The embattled food and beverage company's shares ran out of steam today and have slumped 5% to $2.38.
The Sydney Airport Holdings Pty Ltd (ASX: SYD) share price is down 2.5% to $7.06. This decline is entirely attributable to the airport operator's shares going ex-dividend this morning for its 18 cents per share final dividend. Eligible shareholders will receive this dividend in their accounts on February 14.
