CSL Shares Rise Amid Healthcare Sector Recovery
CSL Limited (ASX:CSL) saw its shares climb 2.6% on Thursday, closing at A$174.45, as Australia's healthcare sector showed signs of stabilization. The broader market rebound was fueled by falling bond yields and easing inflation concerns, with the S&P/ASX 200 index edging up 0.3% to 8,720 points.
Healthcare stocks collectively gained 1.2% in mid-afternoon trading, buoyed by a 18-basis-point decline in Australia’s 10-year government bond yield since January 2. Investors are closely monitoring CSL’s revenue outlook and flu unit delays, while key economic events like the upcoming CPI release and RBA meeting loom large.
Valuation calls are lifting sentiment across the sector. Morningstar Australia’s Tyger Fitzpatrick highlighted renewed interest in CSL, Ramsay Health Care, and Sonic Healthcare as markets reassess their long-term potential.
