Steve Daghlian

It was down more than 20 at one point earlier this morning.

So basically the lowest it's been in roughly 10 years.

So on its own, it's making a pretty big difference in holding the market back today.

Now, the reason for the declines, it actually updated the market, which is obviously hasn't been well received.

telling investors that it now expects revenues for the year to hit around $15.2 billion.

That's around $600 million below prior forecast.

Net profit, it reckons, should come in at around $3.1 billion.

Again, around $250 million below prior estimates.

Now, it also flagged another $5 billion of impairments, this time linked in part to the V4 business that it bought for close to $12 billion around four years ago.

The interim chief executive also today saying that its growth initiatives are working, but

the financial payoff and benefits are probably going to take longer than expected to flow through.

Now, CSL is now down by around 45% this year, but a crazier stat is it has shed something like 70% from where it was at its peak, you know, back during COVID days where it was actually briefly the biggest stock on the market.

One of the best performers on the market today is Dyno Nobel DNL.

It's up around 6.6%.

Now, this is an explosives manufacturer.

It used to be known as Instatec Pivot about a year ago, and then it basically split from its fertilizer business.

So today it handed down its first half results, quite a bit ahead of what the market was anticipating.

Profits up around 28%, around 17% ahead of the market consensus.

It also confirmed it's on track to meet its goals for the year and growth was solid across most of its businesses.

Asia-Pacific, still its biggest market, but the strongest growth actually came through from its America's division.