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Three ASX-listed companies underperformed the broader Australian market on Friday. The decline in these shares comes amid mixed corporate updates and rising concerns about macroeconomic and geopolitical developments. While the ASX 200 index held steady, the following stocks recorded notable losses.
Multistack International Limited (ASX:MSI)is an Australian-listed company primarily involved in the marketing and distribution of industrial HVAC equipment through its subsidiary, Multistack Australia Pty Ltd. The company also engages in the distribution of heat exchangers and Organic Rankine Cycle (ORC) technologies.
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