Healthcare stocks lead broad ASX rebound

Healthcare stocks lead broad ASX rebound

Australian shares have rebounded from 12-month lows touched in the back end of last week, with every sector on the benchmark index closing in the black on Monday. The S&P/ASX 200 Index closed 63 points, or 1.1 per cent, higher at 5728.2, while the broader All Ordinaries rose 54.2 points, or 0.9 per cent, to 5813.8. "Having fallen roughly 11 per cent from their August high, Australian shares had become technically oversold and due for a bounce," said AMP Capital chief economist Shane Oliver.

from Biotech News

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