Australian shares edged higher on Thursday as falls in energy and materials stocks were offset by an afternoon rally in the tech and healthcare sectors.
P/ASX 200 rose 0.5 per cent, adding 35.1 points to the benchmark to end the day with 6794.3 points. The broader SOut of the index’s 11 sectors, seven posted gains with tech, communications and healthcare leading the charge. On the other side of the ledger, energy, real estate and utilities fell.
Oncology company Telix Pharmaceuticals was the session’s winner with a 20.6 per cent jump to $6.72 after posting $22.5 million in global sales for its Illucix cancer imaging and diagnosis product. The company, however, declined to provide any guidance on losses for the quarter or the year and warned it may impair the value of its Quadpay, Spotti, and Twisto businesses. It said US bad debt rates decreased to 2.7 per cent for the June quarter, with an exit loss rate of 2.2 per cent.
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