Steve Daghlian

It's only up about 3%.

CSL, which was easily the biggest weight on our market yesterday when it fell 16%, down another 2.2% today.

So it's now fallen for a fourth day, sitting pretty close to a 10-year low as well.

This was largely in reaction to yesterday's downgrade for both its goals around revenues and also profits, and essentially a bunch of brokers downgraded their share price targets for where they reckon the stock might be in 12 months' time.

If we look more broadly as well, 19 of the 20 best performers on our market are in that material space today.

So very much dominating the winner's list.

I'll quickly just mention Omedia, which stood out yesterday, lifting about 7%.

And those gains came off the back of a takeover offer from iSquared Capital.

This was the second offer in around a month.

So the stock did lift yesterday.

It is coming off the ball today, though, down by about 2%.

Yeah, but I'd imagine that tomorrow it's all going to be around the budget and the market's response to that.

Plenty of headlines across it as well.

So make sure you tune into the morning podcast with James and he'll get you up to speed.

Have a great evening.

This podcast is prepared, approved and distributed in Australia by Commonwealth

A sluggish start to the week as Aussie stocks slipped for a 12th time in 15 days.

Good afternoon, I'm Steve Daglian.

It's Monday the 11th of May.

Welcome to the ComSec Market Update.