In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a decline. At the time of writing, the benchmark index is down 0.4% to 7,059 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
Image source: Getty Images
Core Lithium Ltd (ASX: CXO)
The Core Lithium share price is down almost 3% to 27.2 cents. Falling lithium prices and a broker downgrade have been weighing on this miner's shares this week. In respect to the latter, Citi downgraded Core Lithium's shares to a sell rating with a 29 cents price target.
Harvey Norman Holdings Limited (ASX: HVN)
The Harvey Norman share price is down 4.5% to $3.75. This morning, UBS responded to the retail giant's trading update by retaining its neutral rating and $3.75 price target. The broker has concerns over market share losses and headwinds in certain categories.
TechnologyOne Ltd (ASX: TNE)
The TechnologyOne share price is down 2.5% to $15.28. This appears to have been driven largely by weakness in the tech sector on Friday. This has seen the S&P/ASX All Technology Index (ASX: XTX) fall almost 1% this afternoon. In other news, TechnologyOne's CEO sold a large number of shares on-market this week.
Tyro Payments Ltd (ASX: TYR)
The Tyro share price is down 3% to $1.03. This morning, this payments company revealed that point of sale company Kounta is appealing a court ruling. On 16 November, the court made orders restraining Kounta from soliciting, inducing or otherwise attempting to persuade any Tyro merchant to become a merchant of any entity providing Acquiring Services. Tyro intends to contest Kounta's appeal.
