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The Markets
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The Markets
by Proactive
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MarketsinaMinute: Healthcare rout drags ASX 200 lower as CSL slumps 17%

MarketsinaMinute: Healthcare rout drags ASX 200 lower as CSL slumps 17%

The ASX 200 closed down around .7 of a per cent. Healthcare dragged the entire bourse, and shed nearly 9 per cent. Telecommunication and IT on the other hand stayed afloat - but only by around .7 of a per cent.

IN THE GREEN

Seek (ASX:SEK) jumped nearly 8 per cent after stronger forward guidance offset a mixed earnings result — with underlying profit down 12% to $156 million but FY26 revenue and earnings forecasts coming in way ahead of market expectations.

Resolution Minerals shot up more than 22 per cent on news it's kicked off drilling at its Horse Heaven Project in Idaho, marking a key milestone as it targets gold, antimony and tungsten, while also preparing for a US market listing.

RED

CSL dragged the bourse today - and shed nearly 17 per cent after full-year results showed underperformance at its Behring unit, softer FY26 guidance, and plans to demerge its Seqirus vaccines business into a separate ASX listing.

Reliance Worldwide took a dive as well after posting full-year results showing net sales up 5.5% to US$1.31 billion but adjusted profit up just 0.5% to US$147.7 million, with management withholding FY26 guidance due to economic uncertainty.

#ASX200 #CSL #Seek #ResolutionMinerals #RelianceWorldwide #HealthcareSector #MarketUpdate #GoldExploration #TechStocks #Antimony #Tungsten #StockMarketAustralia

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