ASX 200 healthcare shares led the 11 market sectors last week with a 5.64% gain over the five trading days.
The S&P/ASX 200 Index (ASX: XJO) lifted 0.92% in the final trading week of FY26.
The ASX 200 finished the week at 8,844.4 points.
This is the second time in three weeks that ASX 200 healthcare shares have been out in front.
A sector rotation appears underway as value investors swoop on blue-chip favourites like CSL Ltd (ASX: CSL) and Pro Medicus Ltd (ASX: PME).
The healthcare sector appears to have turned on 3 June when the S&P/ASX 200 Health Care Index (ASX: XHJ) hit a 9-year low.
That represented a 39% decline over 12 months. You can read comprehensive analysis of why the healthcare sector struggled in FY26 here.
Since then, healthcare shares have increased 20% in just one month compared to an 0.7% rise for the ASX 200 overall.
In a new note, top broker UBS said ASX 200 healthcare shares and US biotech stocks both rose strongly in June, commenting:
There was limited company specific news to explain this recovery, suggesting it was due to broader market forces including sector rotation.
Healthcare was the worst performer among the 11 market sectors in FY26. You can read more about the market's winners and losers in FY26 here.
Now, let's review some individual stock performances from last week.
Image source: Getty Images
Healthcare shares led the ASX sectors last week
The CSL share price rose 6.05% to $121.81 last week, and it's up 32% since 3 June.
Pro Medicus shares jumped 11% to $209.65 on Friday, and are up 31% since 3 June.
Resmed CDI (ASX: RMD) shares ascended 5.39% to $30.50 last week, and are 18% higher since 3 June.
Sonic Healthcare Ltd (ASX: SHL) shares rose 4.06% to $21.25 last week, and are up 13.1% over the month.
The Ramsay Health Care Ltd (ASX: RHC) share price lifted 2.46% to $44.16 last week, and is up 21% since 3 June.
The Cochlear Ltd (ASX: COH) share price increased 5.87% to $124.96 last week, and is up 31% since 3 June.
Telix Pharmaceuticals Ltd (ASX: TLX) shares ripped 10.11% to $16.88 on Friday, and are up 38% over the month.
Respiratory imaging technology company 4DMedical Ltd (ASX: 4DX) rose 2.16% to $4.25 per share on Friday.
4DMedical shares are up 12% since 3 June.
The ASX 200 healthcare share was the best performer of the entire ASX 200 in FY26 after skyrocketing 1,786%.
ASX 200 market sector snapshot
Here's how the 11 market sectors stacked up last week, according to CommSec data.
Over the five trading days:
| S&P/ASX 200 market sector | Change last week |
| Healthcare (ASX: XHJ) | 5.64% |
| Information Technology (ASX: XIJ) | 2.42% |
| Materials (ASX: XMJ) | 2.08% |
| Financials (ASX: XFJ) | 1.74% |
| Energy (ASX: XEJ) | 0.74% |
| Communication (ASX: XTJ) | (0.91%) |
| Industrials (ASX: XNJ) | (1.04%) |
| Consumer Discretionary (ASX: XDJ) | (1.31%) |
| Consumer Staples (ASX: XSJ) | (1.68%) |
| A-REIT (ASX: XPJ) | (3.7%) |
| Utilities (ASX: XUJ) | (5.78%) |
