Business
Why Advance Nanotek, BHP, Limemade, & Metcash shares are sinking
The S&P/ASX 200 Index (ASX: XJO) is having a very positive day on Tuesday. In afternoon trade, the benchmark index is up 1.2% to 6,856.4 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are sinking:
The Advance Nanotek share price is down 9% to $4.01. This may be due to profit taking after some strong gains recently. As the company creats ingredients that go into sunscreen products, investors may have been hopeful that demand will increase now that COVID-19 vaccines are being rolled out.
The BHP share price is down 1.5% to $47.19. This is despite there being no news out of the mining giant today. However, while Goldman Sachs continues to rate BHP shares as a buy, this…
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