Why Afterpay, Healius, IDP Education, and Transurban shares are falling

These ASX shares are in the red on Thursday…
The post Why Afterpay, Healius, IDP Education, and Transurban shares are falling appeared first on The Motley Fool Australia. –

The S&P/ASX 200 Index (ASX: XJO) has given back its morning gains and is edging lower. At the time of writing, the benchmark index is down 0.1% to 7,502.7 points.

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

Afterpay Ltd (ASX: APT)

The Afterpay share price is down a further 2.5% to $82.82. This follows yet another pullback in the Block (Square) share price overnight. The Block share price has now lost 22% of its value since this time last month. This is reducing the value of the all-scrip takeover proposal that Afterpay shareholders recently approved.

Healius Ltd (ASX: HLS)

The Healius share price is down over 3% to $5.34. This decline could be due to the growing emphasis on using rapid antigen tests for COVID-19. Healius has been a huge winner from COVID-19 testing over the last 18 months but could see the current sky high volumes ease in the coming weeks as rapid antigen tests begin to rollout.

IDP Education Ltd (ASX: IEL)

The IDP Education share price is down 5% to $33.89 despite there being no news out of the language testing and student placement company. However, investors may be concerned that the significant rise in Omicron cases globally could have a negative impact on its businesses.

Transurban Group (ASX: TCL)

The Transurban share price is down 1.5% to $13.72. The catalyst for this has been the toll road operator’s shares trading ex-dividend this morning for its interim dividend. When a share trades ex-dividend it means that new buyers will not be entitled to an upcoming dividend. As a result, a share price will usually drop in line with the dividend to reflect this. Transurban will now pay eligible shareholders a 15 cents per share dividend on 22 February.

The post Why Afterpay, Healius, IDP Education, and Transurban shares are falling appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

ASX 200 (ASX:XJO) midday update: CBA rises, Sandfire’s MATSA update

Why are Transurban (ASX:TCL), Dexus, and Mirvac shares tumbling?

3 fantastic ASX 200 shares to buy in 2022

Insiders have been buying Nuix (ASX:NXL) and this ASX share

5 things to watch on the ASX 200 on Thursday

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. owns and has recommended Afterpay Limited and Idp Education Pty Ltd. The Motley Fool Australia owns and has recommended Afterpay Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!