Why Helia, Mineral Resources, Ora Banda, and Webjet shares are tumbling today

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

| More on:
Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.

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 out of form on Wednesday. At the time of writing, the benchmark index is down 0.1% to 7,851.9 points.

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

Helia Group Ltd (ASX: HLI)

The Helia Group share price is down 14% to $4.83. This has been driven by the lenders mortgage insurer's shares going ex-dividend this morning. Last month, the company released its full year results and posted an 11% decline in underlying profit after tax to $220.9 million. However, this didn't stop the company from declaring a fully franked final dividend of 16 cents per share and a fully franked special dividend of 53 cents per share. This is a total of 69 cents per share and represents a 12.2% dividend yield based on its last close price. Eligible shareholders can look forward to receiving this early next month on 3 April.

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price is down 5.5% to $23.51. This may have been driven by profit taking from some investors after a strong gain earlier this week on the back of a positive broker note out of UBS. The broker lifted its rating on the mining and mining services company's shares from sell to buy with a $28.60 price target. This implies potential upside of more than 20% from current levels.

Ora Banda Mining Ltd (ASX: OBM)

The Ora Banda share price is down 5% to $1.07. Investors have been selling this gold miner's shares following news that a major shareholder has been cutting its stake. According to the AFR, the company's largest shareholder, Hawke's Point, offloaded a $97 million interest through UBS on Tuesday. Investors may believe that this is a sign that its shares could be close to peaking after racing significantly higher over the past 12 months.

Webjet Group Ltd (ASX: WJL)

The Webjet share price is down 4.5% to 62.5 cents. This morning, this online travel booking company released a strategic update presentation. The company spoke positively about the future and revealed that it has "completed a rigorous and substantive strategic review." Management expects this "detailed plan to deliver significant growth by FY30." However, there won't be any earnings growth in FY 2025. It advised that it is "on track to deliver FY25 EBITDA in line with FY24." This may have disappointed some investors and sent them to the exits today.

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

Before you buy Allkem 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 Allkem 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

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 »

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 »