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FPH - Fisher & Paykel Healthcare News Story

NZD33.3 -0.5  -1.5%

Last Trade - 5:59am

Sector
Healthcare
Size
Large Cap
Market Cap £10.03bn
Enterprise Value £10.01bn
Revenue £825.8m
Position in Universe 31st / 1911

BUZZ-Not in the pink? Australian healthcare stocks head for worst session in over 3 months

Fri 4th September, 2020 5:26am
** Australia's healthcare sub-index  .AXHJ  skids 3.9%, set
for its biggest intraday pct loss since May 27
    ** Fall in line with a broader market sell-off, benchmark
index  .AXJO  down nearly 3%  .AX 
    ** Australia's biggest health company, CSL  CSL.AX , drops
as much as 4% to its lowest since Aug. 14
    ** ASX-listed shares of Resmed  RMD.AX   RMD.N  top drag on
the sub-index, falling 5.4% to their lowest since June 16
    ** Sonic Healthcare  SHL.AX  slips 2.1%, while Australian
shares of Fisher & Paykel Healthcare Corp  FPH.AX  set for their
worst session since May 28 with a drop of 5.4%
    ** The near 3.2% decline for the week is likely to be the
sub-index's worst since the week ended July 10
    ** Healthcare stocks had added 5.6% this year by last close,
outperforming the benchmark's  .AXJO  8.6% decline

 (Reporting by Deepali Saxena)
 ((Deepali.Saxena@thomsonreuters.com; Twitter: @deepalisaxenas))
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