These were the worst performing ASX 200 shares in April 2021
The S&P/ASX 200 Index (ASX: XJO) has just completed its best month of the year. Over the 30 days, the benchmark index rose an impressive 3.5% to finish it at 7,025.8 points.
Unfortunately, not all shares were able to follow its lead. Here’s why these were the worst performers on the ASX 200 in April:
The Whitehaven Coal share price was the worst performer on the ASX 200 in April with a 27.5% decline. The coal miner’s shares came under significant pressure following the release of a production and guidance update. That update reveals that the company’s production has been impacted by poor weather conditions and geological challenges. As a result, management has downgraded its FY 2021 managed ROM production guidance at the…