Why AMP, ANZ, Atlantic Lithium, and Sonic shares are dropping today

These ASX shares are not having a great time on Thursday.

| More on:
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.

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

The S&P/ASX 200 Index (ASX: XJO) is having a poor session on Thursday. In afternoon trade, the benchmark index is down 0.65% to 7,060.4 points.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

AMP Ltd (ASX: AMP)

The AMP share price is down 15% to 86.7 cents. Investors have been hitting the sell button today despite the financial services company announcing plans to open a digital bank for small businesses. It seems that the market may not be overly keen on the plan. In addition, management warned that margin pressures were expected to continue.

ANZ Group Holdings Ltd (ASX: ANZ)

The ANZ share price is down over 3% to $24.19. This has been driven by the banking giant's shares going ex-dividend this morning. Eligible shareholders can now look forward to receiving the bank's dividends next month on 22 December. ANZ is paying 94 cents per share to shareholders. This comprises an 81 cents per share ordinary dividend partially franked at 65% and an additional one-off unfranked dividend of 13 cents per share.

Atlantic Lithium Ltd (ASX: A11)

The Atlantic Lithium share price is down 7.5% to 52.2 cents. Investors may be taking profit after a strong gain on Wednesday. That was driven by news that the lithium explorer has rejected a takeover approach from a major shareholder.

Sonic Healthcare Ltd (ASX: SHL)

The Sonic Healthcare share price is down 4% to $29.24. This morning, this healthcare company announced an agreement to acquire US-based Pathology Watch for US$130 million (AU$200 million). It is a pre-profit medical technology business that has developed and commercialised an integrated, end-to-end digital pathology platform for skin pathology.

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 Sonic Healthcare. 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

Three guys in shirts and ties give the thumbs down.
Share Fallers

Why Ampol, Findi, Humm, and Star Entertainment shares are dropping today

These shares are having a tough finish to the week. 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 Fisher & Paykel Healthcare, Humm, Novonix, and Webjet shares are tumbling today

These shares are having a tough session on Thursday. What's going on? Let's find out.

Read more »

a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.
Share Fallers

This ASX All Ords stock just crashed 23%! Here's why

Investors are sending the ASX All Ords stock tumbling today. 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.
Share Fallers

Why GQG, Novonix, Silex, and Vulcan Energy shares are sinking today

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

Read more »

A woman faces the camera with her lip raised up to the side in total confusion.
Bank Shares

Why is the CBA share price being hit so hard today?

Has CBA's luck finally run out?

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 ASX, CBA, Iperionx, and Sayona Mining shares are dropping today

These shares aren't having a good session on Tuesday. But why?

Read more »

A businesswoman exhales a deep sigh after receiving bad news, and gets on with it.
Share Fallers

Why Bell Financial, IPD, Megaport, and Resolute Mining shares are falling today

These shares are starting the week in the red. 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 Megaport, Pilbara Minerals, Vysarn, and WiseTech shares are falling today

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

Read more »