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
$305.34 |
Change
4.220(1.40%) |
Mkt cap ! $147.5B |
Open | High | Low | Value | Volume |
$303.92 | $305.98 | $302.00 | $378.0M | 1.257M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 74 | $305.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$305.43 | 250 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 302.110 |
1 | 86 | 302.000 |
1 | 160 | 301.560 |
1 | 30 | 301.130 |
2 | 36 | 301.120 |
Price($) | Vol. | No. |
---|---|---|
306.000 | 70 | 2 |
306.250 | 50 | 1 |
306.340 | 100 | 1 |
306.380 | 100 | 1 |
306.500 | 157 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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CSL (ASX) Chart |