In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. The benchmark index is currently down slightly to 9,170 points.
Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:
Bapcor Ltd (ASX: BAP)
The Bapcor share price is down 47% to 90.5 cents. This morning, the auto parts retailer’s shares returned from a trading halt after completing the institutional component of its $200 million equity raising. The struggling retailer raised $157 million from institutional investors at a 65% discount of 60 cents per new share. The company’s new CEO, Chris Wilesmith, said: “Raising $200M of equity will improve our financial flexibility and business resilience in the current market conditions and provide headroom to focus on ‘getting the engine running’ to improve our operating performance and execution.” The retail component of the entitlement offer, which is fully underwritten, is expected to raise a further $43 million.
Brainchip Holdings Ltd (ASX: BRN)
The Brainchip share price is down 7% to 13 cents. Investors have been selling the embattled semiconductor company’s shares after it released its full-year results. Brainchip reported revenue of US$1.9 million for the 12 months and a massive operating loss of US$21.7 million. Brainchip’s founder and director, Peter van der Made, said: “We recognize that the ultimate measure of our strategy is commercial success. The foundations we continue to build in 2026 – from silicon validation to reference designs – are the essential drivers of our commercial success, and we are executing this strategy with full conviction. We remain deeply committed to the success of this Company and look forward to your continued engagement.”
Coles Group Ltd (ASX: COL)
The Coles share price is down 9% to $20.20. This follows the release of the supermarket giant’s half-year results. For the 27 weeks ended 4 January 2026, Coles reported a 2.5% lift in sales revenue to $23.6 billion and a 12.5% jump in profit after tax (excluding significant items) to $676 million. This was short of expectations. For example, Morgans was expecting a 3.5% increase in revenue and a 16.5% jump in underlying net profit after tax to $699 million.
Harvey Norman Holdings Ltd (ASX: HVN)
The Harvey Norman share price is down 8% to $5.81. This morning, this retail giant released its half-year results and reported a 6.9% increase in sales revenue to $5.16 billion and a 16.5% lift in profit after tax to $321.9 million. While this looks strong on paper, it was a touch short of consensus expectations.
The post Why Bapcor, Brainchip, Coles, and Harvey Norman shares are dropping today appeared first on The Motley Fool Australia.
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More reading
- Everything you need to know about the latest Coles dividend
- Bapcor shares crash 49% after shock loss and $200m emergency capital raise
- Why is the Coles share price crashing 8% on Friday?
- Harvey Norman posts 1H26 result
- Coles Group shares: Profit jumps, Supermarkets excel
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Harvey Norman. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.