Business
Why Beach, Bravura, Flight Centre, & Treasury Wine shares are dropping lower
The S&P/ASX 200 Index (ASX: XJO) is on course to end the week in a disappointing fashion. In afternoon trade the benchmark index is down 0.6% to 6,595.2 points.
Four shares that have fallen more than most today are listed below. Here’s why they are dropping lower:
The Beach Energy share price is down 3.5% to $1.77. Investors have been selling energy shares on Friday after oil prices pulled back. According to Bloomberg, the WTI crude oil price is currently down 1.4% to US$45.06 a barrel. This has led to the S&P/ASX 200 Energy index falling 2.3% in afternoon trade.
Bravura Solutions Ltd (ASX: BVS)
The Bravura share price is down over 1% to $3.28. This appears to have been driven by a broker note out of Wilsons this morning. Its…
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