BUZZ-Aussie healthcare stocks rise to near 3-week high; Jefferies upbeat on sector performance

Reuters

2025/01/06

** Australian healthcare stocks .AXHJ rise as much as 1% to their highest levels since Dec 18, 2024

** The sub-index posts its biggest intraday percentage gain since Dec 24

** Analysts at brokerage Jefferies see start of improvement in the sector's performance into 2025

** Drugmaker Telix Pharmaceuticals TLX.AX and pharmacy-operator Sigma Healthcare SIG.AX jump up to 4.7% each

** Sector improvement to be "underpinned by long-term drivers of an aging population, prevalence of chronic disease and the defensive nature of healthcare", Jefferies says

** AXHJ sub-index gained 6% in 2024

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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