ASX 200 healthcare shares vastly outperformed their peers, rising 9.21%, as earnings season continued last week.
Pleasing FY26 reports from heavyweights CSL Ltd (ASX: CSL) and Pro Medicus Ltd (ASX: PME) turbocharged the sector.
The broader S&P/ASX 200 Index (ASX: XJO) slipped 0.62% over the week to 9,058.9 points on Friday.
Healthcare is in the middle of a rapid recovery following a 29% slump over the 12 months to early June.
The S&P/ASX 200 Health Care Index (ASX: XHJ) reached a 9-year low on 3 June.
The sector then pivoted as value investors rushed in to snap up blue-chips on the cheap.
Healthcare shares have skyrocketed 41% since 3 June, compared to a 3% rise for the ASX 200.
Let's review some specifics from last week.
Image source: Getty Images
Healthcare shares led the ASX sectors last week
Last week, several major healthcare companies revealed their latest periodic earnings results.
The CSL share price leapt 23.3% to $168.30 on the strength of its FY26 results last week.
CSL shares have rocketed 82% since the healthcare sector rebound began on 3 June.
Pro Medicus shares jumped 7.1% to $191.60 on the back of the company's FY26 report.
The Pro Medicus share price is up 20% since 3 June.
The Cochlear Ltd (ASX: COH) share price rose 1.4% to $135.48 following the hearing implant maker's FY26 report.
Cochlear shares have increased 42% since 3 June.
The Healius Ltd (ASX: HLS) share price jumped 13.8% to 46 cents following its FY26 report last week.
Healius shares are up 38% since 3 June.
The EBOS Group Ltd (ASX: EBO) share price ascended 7.2% to $18.96 following the company's FY26 results.
EBOS shares are up 20% since 3 June.
The Mesoblast Ltd (ASX: MSB) share price lifted 6.8% to $2.36 following a phase 3 trial update.
Mesoblast shares have risen 17% since 3 June.
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) | 9.21% |
| Materials (ASX: XMJ) | 5.61% |
| Energy (ASX: XEJ) | 3.5% |
| Utilities (ASX: XUJ) | 0.85% |
| Communication Services (ASX: XTJ) | (1.41%) |
| Industrials (ASX: XNJ) | (2.08%) |
| Consumer Staples (ASX: XSJ) | (2.65%) |
| Information Technology (ASX: XIJ) | (3.57%) |
| A-REIT (ASX: XPJ) | (4.43%) |
| Financials (ASX: XFJ) | (5.11%) |
| Consumer Discretionary (ASX: XDJ) | (6.55%) |
