Australian healthcare stocks rally, CSL hits 14-month high

Imugene

03/02/2023 01:16

** Australia's healthcare sub-index  .AXHJ  climbs as much
as 2.5% to its highest since Jan. 6, 2022
    ** Shares of Australian healthcare firms, which depend on
exports to the United States, gain as the dollar  =USD  bounces
after posting its biggest one-day percentage drop in nearly a
month on Wednesday  FRX/ 
    ** Biotech major CSL Ltd  CSL.AX  jumps as much as 3.2% to
A$314.28, its highest since Nov. 26, 2021
    ** Healthcare imaging software supplier Pro Medicus  PME.AX 
rises as much as 2.4% to its highest since Aug. 24, 2021
    ** Sonic Healthcare  SHL.AX  and Imugene  IMU.AX  advance as
much as 3% and 3.6%, respectively
    ** AXHJ tops gains on benchmark index  .AXJO , which is up
0.4%
    ** As of last close, AXHJ up 5.5% this year vs a 6.7% rise
in benchmark index
 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))