The good news today is in Healthcare, with the sector up 1.5% at the time of writing, being the most significant contributor to the Australian market's performance. The share price of Pro Medicus Limited (ASX: PME) is up 4%. The company provides a range of radiology IT software and services locally and overseas. The shares are trading on a forward price-earnings-ratio (PER) of 79x compared to the Health Care Equipment and Services industry median PER of 20.09x. Cochlear Limited (ASX: COH) is also up 1.4% today, trading of a forward PER of 46x.
The worst performing sector today is Telecommunications, which is down 0.8% due to Telstra Corporation Ltd (ASX: TLS) continuing to be sold down, falling another 1.4% at the time of writing. Vocus Group Ltd (ASX: VOC) in the same sector is up 5% on the appointment of a Chief Executive Officer and Managing Director.
