The S&P/ASX 200 Index (ASX: XJO) is on form again on Thursday. In afternoon trade, the benchmark index is up 0.5% to 7,600.3 points.
Four ASX shares that have failed to follow the market's lead today are listed below. Here's why they are falling:
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APA Group (ASX: APA)
The APA Group share price is down 2.5% to $8.50. This has been driven by the energy infrastructure company's shares going ex-dividend this morning for its next payout. Eligible shareholders can look forward to receiving the company's 26.5 cents per share dividend in the middle of March.
Cettire Ltd (ASX: CTT)
The Cettire share price is down 4.5% to $2.83. This is despite there being no news out of the online luxury retailer. However, it is worth noting that its shares have been out of form this month. So much so, they are now down almost 17% since this time last month. Investors may be concerned that the holiday period wasn't overly strong for the luxury category.
Deep Yellow Limited (ASX: DYL)
The Deep Yellow share price is down 6% to $1.06. This follows broad weakness in the uranium industry and the release of an announcement. The latter was in relation to drilling results from the Barking Gecko prospect. Investors may be disappointed with the low-grade intervals the company reported.
Opthea Ltd (ASX: OPT)
The Opthea share price is down 2.5% to 58 cents. This may have been driven by profit-taking after a very strong gain on Wednesday. Investors were buying the biopharmaceutical company's shares after it advised that it expects to receive US$85 million in funding from a Development Funding Agreement (DFA). This funding is non-dilutive to shareholders.
