CSL's slump drags Australian healthcare stocks to near 7-year low

Csl

11/02/2026 24:36

** Australian healthcare stocks fall as much as 6.2% to hit their lowest point since mid-May 2019, while the broader benchmark .AXJO trades 1.1% higher

** Sub-index logs largest intraday pct drop since October 28, 2025

** Biotech major CSL CSL.AX tumbles as much as 18.2% on departure announcement of CEO Paul McKenzie after market hours on Tuesday

** CSL on Wednesday also reported 7% drop in HY profit on the back of weak albumin sales and policy pressures

** Other index constituents Telix Pharmaceuticals TLX.AX and Pro Medicus PME.AX fall as much as 3.1% and 2.5%, respectively

** YTD, AXHJ down 4.7%, including the day's moves, underperforming a 2.9% gain on AXJO

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))