Sonic Healthcare Limited (SHL) Dipped -0.12% on Mar 12

Shares of Sonic Healthcare Limited (ASX:SHL) last traded at 24.15, representing a move of -0.12%, or -0.03 per share, on volume of 807,763 shares. After opening the trading day at 24.16, shares of Sonic Healthcare Limited traded in a close range. Sonic Healthcare Limited currently has a total float of 473.83M shares and on average sees 1.39 million shares exchange hands each day. The stock now has a 52-week low of 21.26 and high of 27.

Why More Investors Are Looking Into S&P/ASX 200 Stocks

Australia takes pride with good corporate governance, which is why it is one of Asia’s fastest growing economies today. A nation’s good corporate governance improves its growth potentials as it lures domestic and foreign investors alike to bank on its equity market. CG Watch, which publishes ranks top Asian markets in terms of corporate governance biannually, has included Australia in its recent list.

The Australian Equity Market

Sonic Healthcare Limited is traded on the The Australian Securities Exchange (ASX) one of the biggest stock exchanges in Asia. And Sonic Healthcare Limited also included in its list. As of May 2014, over 2,000 companies are listed on the ASX, boasting with a total market capitalization of almost A$2 trillion.

One of the benchmark indices in Australia is the S&P/ASX 200, which tracks as much as 200 most actively traded stocks on the ASX.

The S&P/ASX 200

The S&P/ASX 200 carries on from All Ordinaries, which was formed in January 1980 to serve as the main Australian benchmark index, when it was established in April 2000. It had started at 3,133.30 points.

Continuing from the history of All Ordinaries, the S&P/ASX 200 had hit its all-time low of 1,358.50 points in November 1992. Eventually, it was able to recover, hitting its all-time high of 6,828.70 points during the same month in 2007. In February of that year, the S&P/ASX 200 had first reached the 6,000 mark. Investors had flocked the ASX that time, seeking for safe-haven assets in preparation for the Global Financial Crisis of 2008 amid early signs pointing out to its onslaught. Australia have always boasted with a compelling borrowing environment, which is why investors have always relied to its economy for valuable investment growth.

The S&P/ASX 200 is rebalanced quarterly by a panel of five members, the Index Committee. The review happens on the 16th of every quarter-end month— March, June, September, and December. Up to 200 companies make up the S&P/ASX, depending on their liquidity, market capitalization, and other factors. Sonic Healthcare Limited liquidity gives it an ability to perform the obligations with ease.

The S&P/ASX 200 is a free-float market-capitalization-weighted index, which means that stocks are evaluated based on their respective market capitalizations with respect to their share prices. Given this, stocks held by venture capitalists and the government are excluded since they are not often traded on the ASX.

When the components of the S&P/ASX 200 were last reviewed on September 16, six stocks had been removed while six new stocks had been included. Roughly 40% of the index is composed of the financial sector.

The S&P/ASX 200 represents about 80% of the total market valuation on the ASX, which is why it is an important indicator of the Australian economy. Similarly, it has a huge impact on the entire Asian economy.

Investors can surely benefit from the low interest rates and a healthy equity market in Australia. Sonic Healthcare Limited has relatively good liquidity. That being said, investing in ASX stocks is highly recommended for those who are seeking higher near-term and long-term returns alike. Investors prefer the companies like Sonic Healthcare Limited where they can easily see its liquidity ratio.

More notable recent Sonic Healthcare Limited (ASX:SHL) news were published by: Fool.com.Au which released: “Macquarie Group picks the 3 best healthcare stocks for 2019 – Motley Fool Australia” on March 10, 2019, also Fool.com.Au with their article: “3 high yield ASX dividend shares to consider for your retirement – Motley Fool Australia” published on February 14, 2019, Fool.com.Au published: “Sonic Healthcare share price climbs higher on solid half year result – Motley Fool Australia” on February 20, 2019. More interesting news about Sonic Healthcare Limited (ASX:SHL) were released by: Fool.com.Au and their article: “Results in: Sonic Healthcare Limited (ASX:SHL) shares hit an all-time high – Motley Fool Australia” published on August 16, 2018 as well as Fool.com.Au‘s news article titled: “Is the Sonic Healthcare Limited (ASX:SHL) share price a buy after its German acquisition? – Motley Fool Australia” with publication date: July 03, 2018.

Sonic Healthcare Limited, a healthcare company, provides medical diagnostic services, and administrative services and facilities to medical practitioners. The company has market cap of $11.44 billion. It operates through Laboratory, Imaging, and Other divisions. It has a 21.95 P/E ratio. The firm offers laboratory medicine/pathology, diagnostic imaging, and radiology services to physicians, hospitals, community health services, and their collective patients.

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