Why Brainchip, Origin, Sayona Mining, and Stanmore shares are sinking today

These ASX shares are starting the week in the red.

| 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 starting the week very positively. In afternoon trade, the benchmark index is up 1% to 7,146 points.

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

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is down 10% to 18.5 cents. Investors have been hitting the sell button after the semiconductor company diluted shareholders further with another capital raising. However, it seems that investment banks and institutional investors believe Brainchip isn't investment grade. As a result, the company is having to raise the funds through another Put Option Agreement with LDA Capital. This agreement essentially sees LDA Capital sell newly created shares on-market on behalf of the company instead of holding onto them.

Origin Energy Ltd (ASX: ORG)

The Origin Energy share price is down 3% to $7.92. The market appears convinced that the Brookfield/EIG takeover proposal will be rejected by shareholders at its scheme meeting today. AustralianSuper, the energy giant's largest shareholder, intends to vote against the proposal.

Sayona Mining Ltd (ASX: SYA)

The Sayona Mining share price is down 6.5% to 5.8 cents. Investors have been selling Sayona Mining and other ASX lithium shares again on Monday amid concerns over falling lithium prices. This latest decline means that Sayona Mining's shares are now down 75% over the last 12 months and at a new 52-week low.

Stanmore Resources Ltd (ASX: SMR)

The Stanmore Resources share price is down 10% to $3.67. This has been driven partly by the coal miner's shares going ex-dividend today. Last week, the company announced a special fully franked 5.8 US cents (8.8 Australian cents) per share dividend. This will be paid to shareholders on 14 December.

Should you invest $1,000 in Alphabet right now?

Before you buy Alphabet 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 Alphabet 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 no position in any of the stocks mentioned. 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 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 »

A man holds his head in his hands, despairing at the bad result he's reading on his computer.
Share Fallers

Why Brambles, Bravura, Pantoro, and Telix shares are sinking 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 DroneShield, Generation Development, Oneview, and PWR shares are falling today

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

Read more »

plummeting gold share price
Gold

Why are ASX 200 gold stocks getting crushed today?

ASX 200 gold stocks have lost their shine on Wednesday. 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 Aurelia Metals, Cettire, Northern Star, and Woolworths shares are falling

These shares are having a tough time despite the market roaring higher.

Read more »

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

Why Block, Deep Yellow, Perenti, and Zip shares are dropping today

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

Read more »