Thu Sep 12 01:42:59 UTC 2024: ## ASX Shares Take a Dive: BHP, Brickworks, National Storage, and Nine Entertainment Suffer Losses

**Sydney, Australia -** The Australian stock market experienced a mixed day of trading on Thursday, with the benchmark S&P/ASX 200 Index rising by 0.55%. However, several notable ASX shares bucked the trend, experiencing significant declines.

**BHP Group (ASX: BHP)** saw its share price fall by almost 2% to $38.66. This drop was attributed to the mining giant going ex-dividend, meaning investors who purchased shares after this point will not be eligible to receive the upcoming dividend payment of A$1.09 per share.

**Brickworks (ASX: BKW)** also suffered a decline of almost 2% to $25.60. This followed the company’s announcement of substantial non-cash impairment charges totaling $172.4 million (pre-tax) related to its Austral Masonry and Brickworks North America businesses. These charges reflect the weakening of the multi-residential building sector in Australia and the non-residential building market in the United States.

**National Storage (ASX: NSR)** saw a more significant drop, falling by 4% to $2.35. The storage company’s share price decline stemmed from the announcement of a $300 million funding secured through a guaranteed exchangeable notes offering. While the funds are intended for debt repayment and future growth, investors appeared to be cautious about this development.

**Nine Entertainment (ASX: NEC)** also experienced a steep drop of 4.5% to $1.18. This was largely due to the media company going ex-dividend for its 4.5 cents per share final dividend. The share price drop was further compounded by news of CEO Mike Sneesby’s resignation, with Matt Stanton assuming the role on an interim basis.

While the Australian market remains positive overall, these four ASX shares faced specific challenges that led to their downward trajectory on Thursday. Investors will be closely watching how these companies navigate these developments in the coming weeks.

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