Why CIMIC, oOh!Media, ResMed, & Resolute shares are dropping lower
In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to start the week on a very positive note. At the time of writing, the benchmark index is up a sizeable 0.7% to 6,047 points.
Four shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:
The CIMIC Group Ltd(ASX: CIM) share price is down 2.5% to $22.09 despite announcing several new contracts for its UGL business. According to the release, UGL has secured several const…