It's a down day again for investors with the S&P/ASX 200 (INDEXASX: XJO) sliding 0.9% by late morning.
The big four banks and Telstra Corporation Ltd (ASX: TLS) are all lower but they're doing better than these four stocks which are all down over 5%.
Sirius Resources N.L. (ASX: SIR) the gold and nickel explorer released a nickel exploration update. It appears investors aren't overjoyed with the latest figures included in the update with the share price falling over 8% to $3.35. However, even after today's falls, the stock is still up 47% this calendar year.
Horizon Oil Ltd (ASX: HZN) which is engaged in the production of oil offshore from New Zealand has given up some of the gains made yesterday with the stock down 1.5 cents or 5% to 28.5 cents. As of yesterday the stock was basically flat for the calendar year, today's fall takes shareholders into negative territory.
Seven Group Holdings Ltd (ASX: SVW) is trading ex-dividend today with shareholders in line for a 20 cent distribution to be paid on the 13 October. Seven Group's share price has fallen by more than the dividend, suggesting some shareholders are heading for the exits. The stock is trading close to its 52-week low and with few signs of an uptick in mining expenditure it is hard to see a re-rating for the stock anytime soon.
Genworth Mortgage Insurance Australia Ltd (ASX: GMA) is also over 5% lower today despite no company specific news. The provider of Lenders Mortgage Insurance listed in May of this year and shareholders who purchased stock in the float are still above water to the tune of around 8%. Some investors are becoming increasingly concerned that a bubble may be forming in the Australian housing market which could spell bad news for Genworth.