Australia's Ramsay Health Care rises on upbeat FY24 outlook

Ramsay Health Care

28/11/2023 04:33

** Shares of Ramsay Health Care Ltd  RHC.AX  rise as much as
2.4% to A$50.33, biggest intraday pct jump since Nov. 8
    ** RHC at its highest level since November 22
    ** Hospital operator says it expects FY24 earnings to
improve on the back of mid-single digit volume growth
    ** Says it expects growth in FY24 earnings to be weighted to
2H24
    ** Stock posts its biggest intraday pct gain since November
17, snapping a six-days losing streak
    ** 561,031 shares change hands, compared with the 30-day
average volume of 451,231
    ** Stock has fallen 24% YTD as of last close
    

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))