NZX50 dips as CSL slide saps healthcare firms

New Zealand’s S&P/NZX 50 index dipped with CSL’s slump across the Tasman cast a shadow over healthcare stocks, with Ebos Group among those weighing on the local bourse.

The domestic earnings season is being keenly awaited, with rubber goods maker Skellerup Holdings an early starter on Thursday, before things gather pace next week.

Meanwhile, Australia’s S&P/ASX 200 index surged after Commonwealth Bank of Australia and James Hardie beat earnings expectations, with the country’s biggest lender on track for its biggest one-day gain since March 2020 and buoying the rest of the financial sector. (See how ASB performed here)

And Argosy Property was one of the stronger performers on the day after selling a site well above book value to repay bank debt that’s been getting on the higher side of its tolerance levels.