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CSL market cap falls $10 billion
Posted 11 February 2026 PM
The abrupt change in CSL leadership and the release of disappointing earnings initially wiped around $15 billion from the value of Australia's largest pharma, before a small recovery.
The late announcement yesterday that Paul McKenzie had been replaced by Gordon Naylor caused panic on the sharemarket, with the ASX delaying the end of trading of shares in CSL due to a relatively new rule. The Austrailan Financial Review noted the sell-off last night wiped five per cent off the value of CSL, and stripped more than 14 points from the S&P/ASX20.
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Posted 11 February 2026 PM
The abrupt change in CSL leadership and the release of disappointing earnings initially wiped around $15 billion from the value of Australia's largest pharma, before a small recovery.
The late announcement yesterday that Paul McKenzie had been replaced by Gordon Naylor caused panic on the sharemarket, with the ASX delaying the end of trading of shares in CSL due to a relatively new rule. The Austrailan Financial Review noted the sell-off last night wiped five per cent off the value of CSL, and stripped more than 14 points from the S&P/ASX20.
To see the whole article, please login
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