Why Beach, Bravura, Flight Centre, & Treasury Wine shares are dropping lower

Flight Centre Travel Group Ltd (ASX:FLT) and Treasury Wine Estates Ltd (ASX:TWE) shares are two of four dropping lower today…

| More on:

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

The S&P/ASX 200 Index (ASX: XJO) is on course to end the week in a disappointing fashion. In afternoon trade the benchmark index is down 0.6% to 6,595.2 points.

Four shares that have fallen more than most today are listed below. Here's why they are dropping lower:

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is down 3.5% to $1.77. Investors have been selling energy shares on Friday after oil prices pulled back. According to Bloomberg, the WTI crude oil price is currently down 1.4% to US$45.06 a barrel. This has led to the S&P/ASX 200 Energy index falling 2.3% in afternoon trade.

Bravura Solutions Ltd (ASX: BVS)

The Bravura share price is down over 1% to $3.28. This appears to have been driven by a broker note out of Wilsons this morning. Its analysts remain concerned with the financial technology company's near term prospects. As a result, they have reiterated their underweight rating and $2.97 price target on the company's shares. Earlier this week Bravura advised that its profits would be weighted 80% to the second half in FY 2021.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is down almost 4.5% to $17.15. Investors have been selling travel shares today amid concerns over the data from the AstraZeneca COVID-19 vaccine candidate. As an effective dosing regimen was given purely to a group filled with under 55s, which are classed as lower risk, there are concerns that the vaccine may not be as effective for higher risk individuals.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price has crashed 11% lower to $9.23. This follows an announcement by the Chinese Ministry of Commerce which reveals that it will apply provisional anti-dumping measures on Australian wine imports into China. The wine giant has requested a trading halt, pending the release of a response to the announcement.

Should you invest $1,000 in Aurizon Holdings Limited right now?

Before you buy Aurizon Holdings Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Aurizon Holdings Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd and Treasury Wine Estates Limited. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. 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 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 Healius, Light & Wonder, REA Group, and Regis Resources shares are falling today

These shares are ending the week in the red. Let's find out why.

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why ANZ, Brainchip, Light & Wonder, and Pilbara Minerals shares are falling today

These shares are tumbling on Thursday. But 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 Aurizon, JB Hi-FI, Nuix, and Platinum shares are tumbling today

These shares are falling on hump day. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why HMC Capital, Platinum, Sigma, and Skycity shares are dropping today

These shares are having a tough session on Tuesday. But why?

Read more »

Oil worker using a smartphone in front of an oil rig.
Energy Shares

ASX 200 energy shares plunge on shock OPEC move

ASX 200 energy shares like Woodside and Santos are tumbling on Monday. Let’s find out why.

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Brainchip, Helia Group, Reliance Worldwide, and Westpac shares are dropping today

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

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Block, Corporate Travel Management, Judo, and Zip shares are sinking today

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

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

These were the worst-performing ASX 200 shares in April

These shares were out of form last month. But why?

Read more »