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
$307.92 |
Change
-1.390(0.45%) |
Mkt cap ! $148.8B |
Open | High | Low | Value | Volume |
$308.98 | $310.00 | $307.01 | $79.62M | 258.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 845 | $307.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$307.94 | 307 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 845 | 307.890 |
1 | 98 | 307.650 |
1 | 1250 | 307.620 |
1 | 20 | 307.310 |
2 | 927 | 307.200 |
Price($) | Vol. | No. |
---|---|---|
307.940 | 307 | 1 |
307.980 | 418 | 1 |
308.000 | 668 | 3 |
308.020 | 2181 | 4 |
308.040 | 356 | 1 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
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