DJ MARKET TALK:CSL Share Drop Unlikely Linked To Vaccine -Analyst
0408 GMT [Dow Jones] A sharp fall in CSL's (CSL.AU) share price is unlikely to be related to a health scare that's forced the company to halt distribution of its
child influenza vaccine, according to Shaw Stockbroking. CSL last down 4.2% at A$32.50, adding to a 9.4% plunge on Friday. Shaw's health and biotechnology analyst Matthijs
Smith says he'd be surprised if the vaccine scare's behind today's losses. "I don't think the flu vaccine would have that type of material effect on CSL," he says. Believes a downbeat assessment of the plasma market from CSL's
U.S. rival Baxter (BAX) last week continues to weigh on the stock, saying many investors didn't have a chance to react to it last Friday ahead of a holiday long weekend in
Australia. "We may be seeing the full impact of the Baxter announcement today, rather than any new information," he says.
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Last
$312.15 |
Change
2.970(0.96%) |
Mkt cap ! $150.8B | |||
| Open | High | Low | Value | Volume |
| $311.01 | $313.50 | $310.40 | $185.0M | 592.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 900 | $312.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $312.15 | 4003 | 1 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| CSL (ASX) Chart |