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Why Iluka, Link, Resolute, & Temple & Webster shares are tumbling lower today – Motley Fool Australia
Iluka Resources Limited (ASX:ILU) and Temple & Webster Group Ltd (ASX:TPW) shares are two of four tumbling lower today…
In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a disappointing decline. At the time of writing, the benchmark index is down 0.4% to 6,150.6 points.
Four shares that are dropping more than most today are listed below. Here’s why they are tumbling lower:
Iluka Resources Limited(ASX: ILU)
The Iluka share price has crashed 46% lower to $5.26. However, this decline relates to the demerger of its Deterra Royalties business which has taken place today. Eligible shareholders…
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