Business
Why a2 Milk, AVZ Minerals, Nanosonics, & Premier Investments are dropping lower
In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to record a very disappointing decline. At the time of writing, the benchmark index is down 1.2% to 6,603.4 points.
Four shares that have fallen more than most today are listed below. Here’s why they are dropping lower:
The a2 Milk share price is down 3% to $11.09. This infant formula and fresh milk company’s shares have come under pressure in recent months due to weakness in the daigou channel. Judging by its increasing short interest, it appears as though some in the market are not convinced the worst is over for the company just yet.
The AVZ Minerals share price has dropped 3% to 16.5 cents. The lithium-focused mineral exploration company’s shares may have…
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