Sentiment has certainly turned positive on the healthcare sector recently and with healthcare the top performing sector on Wall St last night (CSL’s US listed stock up 2.64%) the locally listed stock is a pretty sure bet to surge past $300 on Monday.
It’s fair to say recent gains have been largely due to favourable exchange rate movements however since the ASX200 last peaked at 7592 on April 21 (almost 3 months ago) CSL has outperformed the market considerably.
Happy to stay overweight as a defensive play for the time being. With the froth completely blown off the market there is again proper scrutiny and analysis of the fundamentals - CSL stands up pretty well in that respect.
The weak $A has nearly got us to $300.....with sentiment now strongly favouring the sector a positive half year report in terms of results/announcements/forecasts could now see CSL kick well north of $300.
In terms of its relative attraction as an investment - the planets haven’t aligned like this for CSL in quite a few years.
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Last
$293.00 |
Change
-0.870(0.30%) |
Mkt cap ! $141.5B |
Open | High | Low | Value | Volume |
$295.00 | $295.48 | $292.18 | $173.0M | 589.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 862 | $292.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$293.08 | 502 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 292.880 |
1 | 961 | 292.390 |
1 | 77 | 292.250 |
1 | 961 | 292.210 |
2 | 961 | 292.030 |
Price($) | Vol. | No. |
---|---|---|
293.460 | 77 | 1 |
293.500 | 339 | 3 |
293.740 | 89 | 1 |
293.880 | 10 | 1 |
294.000 | 405 | 4 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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