Why these 4 ASX shares have started the week in the red

The Nufarm Limited (ASX:NUF) share price is one of four starting the week in the red. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to start the week with a day in the red. At the time of writing the benchmark index is down 0.6% to 6,240.9 points.

Four shares that have fallen more than most today are listed below. Here's why they have started the week deep in the red:

The Compumedics Limited (ASX: CMP) share price has plunged a massive 25.5% to 44 cents after providing an update on its proposed joint venture in China. The joint venture with Health 100 was expected to generate revenue of at least A$133 million (US$100m), but due to some unexpected complexities, should a definitive outcome of the current negotiations be achievable, an outcome on the proposed joint venture with Health 100 has been delayed a further 6 to 12 weeks.

The Nufarm Limited (ASX: NUF) share price has tumbled 14.5% to $6.45 after its U.S. peer Monsanto was dealt a blow in court. A former school groundskeeper with terminal cancer has been awarded US$289 million in damages after using its Roundup weed killer product for years. There are concerns that this ruling could set a precedent for thousands of other cases claiming herbicide causes non-Hodgkin's lymphoma. Nufarm used to sell the product in Australia and also sells a similar product containing the key ingredient, glyphosate.

The Praemium Ltd (ASX: PPS) share price has fallen 4.5% to 85.5 cents following the release of its full-year results. The fintech company reported profits of $1.4 million on revenue of $43.2 million. The strong year of operational performance was driven by the growing popularity of its online wealth administration platforms.

The Primary Health Care Limited (ASX: PRY) share price is down almost 4.5% to $3.14 after the healthcare company responded to speculation in the AFR that it could tap the markets for funds. Management advised that it expects underlying net profit after tax for the year to be towards the lower end of the guidance range of $92 million to $97 million, before adding that it continues to review its capital management options.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Fallers

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Megaport, Pilbara Minerals, Vysarn, and WiseTech shares are falling today

These shares are ending the week in the red. But why?

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Accent, Sayona Mining, Web Travel, and Weebit Nano shares are dropping today

These shares are having a tough time on Thursday. Why are they being sold off?

Read more »

A smartly-dressed man screams to the sky in a trendy office.
Share Fallers

Why Appen, DroneShield, PWR, and Webjet shares are sinking today

These shares are having a tough time on hump day. But why?

Read more »

a car driver sits up and looks alert with wide eyes and an expression of concentration while he holds the wheel of a car.
Share Fallers

Why this ASX All Ordinaries stock just crashed 24%!

Investors are punishing the ASX All Ords company today. Let’s find out why.

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Elders, KMD, Lovisa, and Telix shares are dropping today

These shares are missing out on the good times on Tuesday. But why?

Read more »

A woman with short brown hair and wearing a yellow top looks at the camera with a puzzled and shocked look on her face as the Westpac share price goes down for no reason today
Share Fallers

Why Life360, Lovisa, NAB, and Resolute shares are falling today

These shares are starting the week in the red. But why?

Read more »

A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.
Healthcare Shares

This ASX All Ords share is diving 18% as inflation pain draws blood

This healthcare company delivered a trading update at its annual general meeting today.

Read more »

A woman with a sad face looks to be receiving bad news on her phone as she holds it in her hands and looks down at it.
Share Fallers

Why Healius, Opthea, Peninsula Energy, and Wildcat shares are falling today

These shares are having a tough finish to the week. But why?

Read more »