Home / Share Market News / Here's how the ASX 200 market sectors stacked up this week

Here's how the ASX 200 market sectors stacked up this week

The ASX 200 gained 0.36% in the first week of the earnings season, finishing at 7,644.8 points on Friday.

Posted by
Bronwyn Allen
Bronwyn has 28 years of experience in journalism, copywriting, and media relations. She began her career as a reporter with News Corporation in Sydney in 1997. She later worked for two real estate corporations in communications and PR roles, then started her own freelance copywriting and publicity business. A keen shares investor, Bronwyn joined the Motley Fool Australia team as a copy editor and writer in June 2021.
Published
| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

ASX healthcare shares were dominant among the ASX 200 market sectors during the first week of the reporting season, gaining 1.32% over the past five trading days.

The S&P/ASX 200 Index (ASX: XJO) gained 0.36% over the week to finish at 7,644.8 points on Friday.

Only four of the 11 market sectors finished the week in the green.

Let's review.

Medical staff wear hero capes, indicting strong shar [price performace for healthcare shares

Image source: Getty Images

Healthcare shares led the ASX sectors this week

Among the large-cap healthcare stocks, CSL Ltd (ASX: CSL) shares lifted 2.34% to finish at $305 per share.

This week is the first time we have seen CSL shares go above $300 since mid-June 2023. Perhaps investors are anticipating positive numbers when the company reports next Tuesday?

The Cochlear Limited (ASX: COH) share price rose 4.46% to $322.73 after the company released upgraded FY24 guidance yesterday ahead of its half-year report to be released on 19 February.

Cochlear told the market it achieved stronger revenue in 1H FY24 than expected. It is now guiding an underlying net profit of between $385 million to $400 million for FY24, up 26% to 31% on the FY23 result.

Previously, Cochlear was guiding $355 million to $375 million for FY24.

Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH) shares moved 2.45% higher this week to close at $23.03 on Friday.

ResMed CDI (ASX: RMD) shares lost 2.99% this week after the stock went ex-dividend on Wednesday. The ResMed share price closed at $28.52 on Friday.

Investors will receive their dividend of US 4.8 cents per share on 14 March.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up this week, according to CommSec data.

Over the past five days:

S&P/ASX 200 market sectorChange this week
Healthcare (ASX: XHJ) 1.32%
Information Technology (ASX: XIJ) 0.91%
Financials (ASX: XFJ)0.73%
A-REIT (ASX: XPJ) 0.43%
Industrials (ASX: XNJ) (0.28%)
Utilities (ASX: XUJ)(0.54%)
Communication (ASX: XTJ)(0.86%)
Consumer Discretionary (ASX: XDJ)(0.93%)
Consumer Staples (ASX: XSJ)(1.73%)
Materials (ASX: XMJ)(3.03%)
Energy (ASX: XEJ)(3.44%)

Motley Fool contributor Bronwyn Allen has positions in CSL. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Cochlear, and ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool Australia has recommended CSL and Cochlear. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A wide-smiling businessman in suit and tie rips open his shirt to reveal a green t-shirt underneath.
Record Highs

This ASX lithium giant just hit a record high again. Here's why investors keep chasing it

| Aaron Teboneras

PLS shares hit another record high as lithium prices keep climbing.

Read more »

A miner in a hardhat and high visibility clothing makes a thumbs up symbol.
Record Highs

Why Rio Tinto shares just hit a new record high on Tuesday

| Aaron Teboneras

Rio Tinto shares hit a record high as copper and iron ore shine.

Read more »

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face.
Share Gainers

3 ASX 200 shares tipped to climb another 35%

| Samantha Menzies

These shares have helped push the ASX 200 Index higher.

Read more »

A person working on a computer holds a lightbulb that is connected to the network and shining brightly.
Broker Notes

Origin Energy shares: Experts argue the case to buy, hold, and sell

| Bronwyn Allen

Three experts present three different ratings.

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Share Gainers

Why Boss Energy, Macquarie, Nova Minerals, and WiseTech shares are storming higher today

| James Mickleboro

These shares are climbing more than most on Tuesday. What's going on?

Read more »

Lines of codes and graphs in the background with woman looking at laptop trying to understand the data.
52-Week Lows

These 3 ASX 200 stocks hit a 52-week low: Buy, sell or hold?

| Samantha Menzies

These shares have all tumbled in value this year.

Read more »

A young man clasps his hand to his head with a pained expression on his face and a laptop in front of him.
Share Fallers

Why Clarity, Qantas, Universal Store, and Westpac shares are falling today

| James Mickleboro

Let's see why these shares are missing out on the market's move higher today.

Read more »

two men shake hands on a deal.
Mergers & Acquisitions

This ASX stock is locked after a major Tuesday update

| Aaron Teboneras

This ASX payments stock is paused pending a major acquisition update...

Read more »