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Highlights
- CSL traded in red today probably due to its lower earnings reflected in its half-yearly results.
- SHL traded in green on the ASX today as the company remains steady on its share buyback plan.
- EBO traded over 2% higher on the ASX today, backed by an acquisition announcement.
The S&P/ASX 200 healthcare stocks (ASX:XHJ) closed a tad lower at 39,360.200 on the ASX on Monday. Let us, briefly, look at some of the top ASX-listed healthcare companies and summarise their performance today.
Healthcare Innovations for Sustainable Future
- CSL Limited (ASX:CSL)
The shares of CSL Limited (ASX:CSL) closed 1.115% lower at AU$261.860 per share on the ASX today (28 March). Approximately 405,331 shares of CSL were traded on the ASX.
The share price of CSL has fallen slightly more than 1% on the ASX over the past 12 months. On the other hand, CSL’s year-to-date share price has fallen over 11% on the ASX.
The company’s half-yearly results represented a fall in the net profit after tax (NPAT) by approximately 3% during the period ended on 31 December 2021, driven by a 3.4% fall in its gross margin. This could be a significant cause for the leading healthcare stock to trade in red today.
However, the company paid an interim dividend of U$1.04 cents to its eligible shareholders, despite ‘not so strong’ earnings during the period ended on 31 December 2021 (H1 FY22).
Read more: CSL Limited (ASX:CSL) share price moves up on new plasma tech use
- Sonic Healthcare Limited (ASX:SHL)
Image source: © Lovelyday12 | Megapixl.com
The shares of Sonic Healthcare Limited (ASX:SHL) closed 0.342% lower at AU$35.030 per share on the ASX today (28 March). Approximately 1,115,607 shares of Sonic Healthcare were traded on the ASX on Monday.
The share price of Sonic Healthcare has fallen marginally on the ASX over the past 12 months. On the other hand, Sonic Healthcare’s year-to-date share price fell more than 23% on the ASX today (28 March) at 2:18 PM AEDT.
According to Sonic Healthcare’s last shares buyback update, the company has successfully purchased a total of 652,155 shares of its own until 24 March 2022 and bought 187,702 shares on 24 March 2022. The company has an aim of purchasing shares worth up to AU$500 million.
Sonic Healthcare announced it's on market share buyback plan on 21 February 2022, followed by the company adopting its cost optimizing strategy.
Read more: Here’s why Sonic Healthcare (ASX:SHL) closed strong on Wednesday
- EBOS Group Limited (ASX:EBO)
The shares of EBOS Group Limited (ASX:EBO) closed 3.248% higher at AU$37.190 apiece on the ASX today (28 March). Approximately 13,130 shares of EBOS were traded on the ASX today.
The share price of EBOS has gained more than 36% on the ASX over the past 12 months. On the other hand, EBOS’ year-to-date share prie fell over 5% on the ASX today (28 March) at 2:48 PM AEDT.
The company recently announced that the ACCC would not oppose the proposed acquisition of Australian Pacific Health Supplies TopCo Pty Limited and its subsidiaries by EBOS, through its subsidiary EBOS Medical Devices Australia Pty Limited. With the help of the proposed acquisition, EBOS and Pacific Health Group will distribute a range of medical devices to private and public hospitals along with supplies to clinicians.
