In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decline. At the time of writing the benchmark index is down 0.25% to 5,833.3 points.

Four shares that have fallen more than most today are listed below. Here’s why they are dropping lower:

The ASX Ltd (ASX: ASX) share price is down 1.5% to $84.10. This appears to have been driven by a broker note out of Ord Minnett this morning. According to the note, the broker has downgraded the stock exchange operator’s shares to a lighten rating with a $78.00 price target. It believes trade volumes may have peaked and appears concerned over futures volumes.

The Domain Holdings Australia Ltd (ASX: DHG) share price has fallen 5.5% to $3.14. Investors have been selling the property listings company’s shares despite auction clearance rate improving in Melbourne and Sydney last week. According to CoreLogic, combined capital city preliminary auction clearance rate hit 63.3% last week. It was also the busiest week for auctions in almost two months. Investors may have been anticipating an even stronger clearance rate.

The Tyro Payments Ltd (ASX: TYR) share price has fallen almost 6% to $3.58. This follows the release of its latest weekly update. According to the release, as of June 12, Tyro Payments’ transaction value was up 6% month to date compared to the prior corresponding period. Investors may have been expecting a bigger jump in volumes now restrictions are easing.

The Wesfarmers Ltd (ASX: WES) share price has dropped over 2.5% to $41.32 despite there being no news out of the conglomerate. However, prior to today, the Wesfarmers share price was up 12% in the space of a month. This may have led to some investors deciding to take a bit of profit off the table today.

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Tyro Payments. The Motley Fool Australia owns shares of Wesfarmers Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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At lunch on Monday the S&P/ASX 200 Index (ASX: XJO) has failed to follow the lead of international markets and is dropping lower. The benchmark index is down 0.3% to 5,831.3 points currently.

Here’s what has been happening on the market today:

Bank shares mixed.

The big four banks have had a subdued start to the week. At lunch just the Commonwealth Bank of Australia (ASX: CBA) share price is pushing higher with a 0.15% gain. Whereas the worst performer in the group is the National Australia Bank Ltd (ASX: NAB) share price with a 0.15% decline. Investors appear undecided on where the banks are going from here after a volatile few weeks.

Healius sells medical centres.

The Healius Ltd (ASX: HLS) share price has surged higher on Monday after announcing the sale of its medical centres to BGH Capital. According to the release, the healthcare company has agreed a fee of $500 million with the private equity firm. Completion of the transaction is expected to occur before the end of 2020. However, it remains subject to a number of conditions, including approval by the Foreign Investment Review Board.

Super Retail equity raising.

The Super Retail Group Ltd (ASX: SUL) share price was placed in a trading halt this morning. The retail group requested the halt while it launches an underwritten accelerated pro-rata non-renounceable entitlement offer to raise approximately $203 million at $7.19 per share. Management believes this equity raising will allow the company to continue to execute its strategy and pursue strategic growth initiatives. Super Retail also revealed that its like for like sales rebounded strongly in May.

Best and worst ASX 200 shares.

The Healius share price is leading the way on the ASX 200 on Monday with a sizeable 11% gain. Investors appear to see value in its plan to sell its medical centres to BGH Capital. The worst performer on the index has been the Domain Holdings Australia Ltd (ASX: DHG) share price with a 5% decline. This is despite auction clearance rates improving in Melbourne and Sydney at the weekend.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Super Retail Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post ASX 200 down 0.3%: Big four banks mixed & Healius rockets on medical centre sale appeared first on Motley Fool Australia.

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