Australia's Seek slides to near 6‑year low as Citi warns on outlook

SEEK

19/03/2026 03:41

** Online jobs marketplace Seek's SEK.AX shares fall nearly 4.5% to A$13.9, their lowest level since March 2020

** Citi says Australia job listings fell 3% in February, ANZ (Australia New Zealand) volumes were down 1%, indicating slight downside risk to SEK's FY26 volume outlook

** Says New Zealand job ads rose 12%, broadly steady with January, but not enough to offset Australia market weakness

** Expects Seek's ANZ volumes to remain subdued, forecasting flat growth in 2H26 and FY26 volumes down around 1%

** Stock fell as much as 7.7% earlier in the day, its worst intra-day pct move since February 13

** Stock on track to clock nine-straight sessions of losses

** SEK down 39.4% YTD, including day's move

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com))