Why ASX, Coronado, Graincorp, and Integral Diagnostics shares are dropping today

These ASX shares are missing out on the market rally today….

| More on:
Rede arrow on a stock market chart going down.

Image source: Getty Images

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 (ASX: XJO) is on track to record another strong gain. At the time of writing, the benchmark index is up 1.1% to 7,251.6 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are dropping:

ASX Ltd (ASX: ASX)

The ASX share price is down 2% to $80.61. This follows an outage which saw its ASX 24 futures contracts trading platform go offline for several hours. The stock exchange operator has since revealed that it is now up and running. It commented: "ASX can confirm that the issue was caused by a hardware fault, which has been resolved."

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global Resources share price is down 4.5% to $1.82. This decline is entirely attributable to the coal miner's shares going ex-dividend this morning for its 8.8 cents per share final dividend. In fact, if you take this out of the equation, the company's shares would be a fraction higher for the day. Eligible shareholders will be paid this dividend next month on 8 April.

Graincorp Ltd (ASX: GNC)

The Graincorp share price is down 3.5% to $8.39. This is despite there being no news out of the grain exporter. However, it is worth noting that its shares had risen over 35% during the last six months prior to today's decline. Some investors may have decided to take a bit of profit off the table and rotate into other areas of the market.

Integral Diagnostics Ltd (ASX: IDX)

The Integral Diagnostics share price is down 2.5% to $3.77. This morning the medical imaging services provider announced the completion of the retail component of its entitlement offer. Integral Diagnostics raised approximately $43 million at the offer price of $3.44 per new share, bringing the total raised to ~$90 million. However, there was only a 40% take up rate by retail shareholders, which ultimately led to around half of the retail offer being allocated to sub-underwriters.

Should you invest $1,000 in Australian Foundation Investment Company Limited right now?

Before you buy Australian Foundation Investment Company 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 Australian Foundation Investment Company 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's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Integral Diagnostics Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Fallers

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 »

Man waiting for his flight and looking at his phone.
Travel Shares

Corporate Travel shares crash 11% as Trump tariffs bite

Trump’s tariffs are roiling Corporate Travel shares on Friday.

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 Brainchip, DroneShield, Resolute Mining, and Woodside shares are falling today

These shares are under pressure on Thursday. What's going on?

Read more »

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

Why Appen, Bank of Queensland, Novonix, and Ora Banda shares are falling today

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

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 Brainchip, Catalyst Metals, Northern Star, and Pact Group shares are tumbling today

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

Read more »