Business
Why Austal, Boral, Spark NZ, & Splitit are tumbling lower
The S&P/ASX 200 Index (ASX: XJO) is on course to record another disappointing decline on Thursday. In afternoon trade, the benchmark index is down 0.6% to 6,753.8 points.
Four ASX shares that are falling more than most today are listed below. Here’s why they are tumbling lower:
The Austal share price has fallen 3.5% to $2.32. This is despite the shipbuilder announcing the delivery of a new vessel after the market close on Wednesday. Austal delivered its ninth guardian-class patrol boat to the Australian Department of Defence. The vessel, named ‘HMPNGS Rochus Lokinap’, was gifted to the Papua New Guinea Defence Force under the Pacific Patrol Boat Replacement project.
The Boral share price is down 2% to $5.51. This decline…
-
General22 hours agoChina was the big disruptor in our region. Now the US is determined to take that title
-
General22 hours agoSpaceX to invest $3 billion in Musk’s xAI startup
-
General19 hours agoWimbledon men’s final, Jannik Sinner vs Carlos Alcaraz live updates — blog, scores and stats
-
General10 hours agoJannik Sinner reveals secret Wimbledon bet that could keep Darren Cahill in his team