Although ASX200 closed 2.2% lower than the previous week, quite a few stocks had opposite fortunes to the benchmark index.
LBT Innovations, Telix Pharmaceuticals, and Incannex Healthcare stole the spotlight with impressive performance this week within the healthcare space.
LBT Innovations announced that clinical results from the evaluation of the APAS® Independence were published in the Journal of Clinical Microbiology.
The S&P/ASX200 is lower today, dropping 29.90 points or 0.40% to 7,461.50 after setting a new 52-week high. The bottom performing stocks in this index are PointsBet Holdings Limited (ASX:PBH) and Whitehaven Coal Limited (ASX:WHC), down 11.60% and 5.13% respectively. Over the last five days, the index has gained 0.41% and is currently 0.60% off of its 52-week high.
Sectors are mixed. 8 of 11 sectors are lower today along with the S&P/ASX 200 Index. Information Technology is the best performing sector, gaining 4.70% and 9.23% for the past five days.
Now, let us look at some of the stocks that are trending today.
The Australian insurance industry provides life insurance, property, casualty, and health insurance coverage to businesses and individuals. The APRA regulates the financial services industry in Australia and manages banks, building societies, credit unions, general insurance and reinsurance companies, life insurance, private health insurers, as well as most members of the superannuation industry.
Read More: https://kalkinemedia.com/au/stocks/financial/five-asx-insurance-stocks-for-august-2021