Stock Track | SEEK Ltd Plummets 5.04% Intraday on Weak Employment Index Data
Stock Track
May 22
SEEK Ltd's stock plummeted 5.04% during intraday trading on Friday.
The sharp decline followed the release of a research note highlighting a continued downturn in the company's key Australian employment index. SEEK's Employment Index for April fell by 2.8% on a seasonally adjusted basis, extending a decline from the previous month. The data suggests that if underlying trends remain, Australian listing volumes could decline by 2.5% for fiscal year 2026, casting doubt on near-term business performance in its primary market.
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