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CSL profit outlook steadies ASX in day of disappointments

Vesna Poljak

A handful of profit downgrades held back Australian shares from a better result on Tuesday, when index heavyweight CSL reaffirmed its expectations for full-year profit.

CSL added 0.9 per cent to $307.75, contributing 4.5 of the benchmark index’s 13 points of gains. The S&P/ASX 200 Index rose 0.2 per cent to 7430.9; the All Ordinaries advanced by the same margin to 7628.6.

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Vesna Poljak was The Australian Financial Review’s companies editor. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/csl-profit-outlook-steadies-asx-in-day-of-disappointments-20230214-p5ckdy