Laura Bessarati

It was down by around 7.5%.

But if we look further back in March, it was up 18.5%.

So it's been very volatile in the energy space and also in the oil prices as well.

Yeah, the healthcare sector actually falling to its lowest level since late 2017.

So it's been a long time since it's been around these lows.

And that's largely because of one stock, CSL.

Absolutely.

And look, it depends where it does close up today, but it could be on track for its worst day on record if it's down more than 16.9% by the end of the session.

In some brighter news, though, a stock that has been improving today has been IGA owner Metcash.

It was out

with a solid trading update this morning.

Now, despite the challenging market environment, it says it expects full-year profits to come in between $268 and $270 million, thanks to a stronger second half.

Now, this is slightly below its profits from last year in FY25 of 2020,

$275.5 million.

However, given the current macroeconomic environment, investors were likely expecting even softer profits.

So, if it wasn't for declining tobacco sales, its growth could have even been better because group revenue growth was actually up 3.8% if you exclude tobacco,

But if you include it, group revenue only grew 0.7%.

So really, it's tobacco segment holding the company back.

And out of all of its segments, we actually saw the strongest growth in its hardware and tools businesses.

But again, its supermarkets and other food businesses would have been better if it wasn't for those weak tobacco sales.