Why these 4 ASX shares have started the week in the red

Posted April 19, 2018 by alhamd

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The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a disillusioning begin to the week and is down 0.7% to 5,782 focuses in evening exchange.

Four offers that have fallen more than most on Monday are recorded beneath. Here's the reason they are beginning the week in the red:

The Afterpay Stores Touch Group Ltd (ASX: APT) share cost has fallen 5% to $6.78 after the AFR revealed that some driving merchants are scrutinizing the fintech organization's valuation. As per the report, both Credit Suisse and Shaw and Partners have put out bearish notes in late dates depicting Afterpay as an offer. Ringer Potter, be that as it may, trusts the auction is a purchasing opportunity.

The Argosy Minerals Limited (ASX: AGY) share cost has tumbled just about 6% to 32 pennies. At the beginning of today the imminent lithium mineworker gave a report on its Rincon lithium venture in Argentina. The refresh seemed, by all accounts, to be sure so this could be an instance of financial specialists purchasing the talk and offering the reality.

The Galaxy Resources Limited (ASX: GXY) share cost is down more than 4% to $3.14. The lithium excavator's offers have fallen notwithstanding Citi reacting decidedly to its entire year comes about discharge a week ago. As indicated by the intermediary note, Citi has held its purchase rating and $4.60 value focus after Galaxy conveyed an outcome in-accordance with its desires. I thought it was a solid outcome and trust Galaxy's Mt Cattlin resource is a genuine money dairy animals.

The Vita Group Limited (ASX: VTG) share cost has dove more than 5% to $1.40. The present decrease could be in connection to Telstra Corporation Ltd (ASX: TLS) conceding that it misdirected up to 100,000 clients by charging them for content like amusements and ringtones numerous didn't know they had purchased. A significant number of these clients may have joined at Vita-worked Telstra retail locations. I would avoid Vita along these lines and its debilitating center business.

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Last Updated April 19, 2018