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
$306.03 |
Change
0.290(0.09%) |
Mkt cap ! $147.8B |
Open | High | Low | Value | Volume |
$304.40 | $307.10 | $303.30 | $145.5M | 477.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 157 | $306.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$306.54 | 305 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 157 | 306.030 |
1 | 1223 | 305.840 |
1 | 72 | 305.830 |
1 | 1223 | 305.640 |
1 | 1223 | 305.450 |
Price($) | Vol. | No. |
---|---|---|
306.900 | 205 | 1 |
307.000 | 232 | 1 |
307.090 | 1223 | 1 |
307.160 | 72 | 1 |
307.240 | 5 | 1 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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CSL (ASX) Chart |