Australian healthcare stocks at two-month high, CSL rises over 3%

CSL

03/07/2026 06:48

** Australian health stocks .AXHJ rise as much as 2.7%, their highest level since April 22
** Stocks gain more than 5% so far this week, their best level since early-November, 2022
** Extends gains for a seventh consecutive week
** "Healthcare was battered in the last FY, and has been stabilising in the last couple of months, and investors are finally waking up to how cheap they are in a historical context," says Mark Gardner, founder and chief executive officer at MPC Markets
** Shares of CSL CSL.AX and Cochlear COH.AX gain over 3% each
** Sub-index down ~20% YTD, including the session's moves
     

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))