The ASX200 is traded lower today during intraday trading session, weighed by losses in energy stocks as oil prices fell overnight. The benchmark index is down 0.750% at 7471.500 points at 12:10 PM AEST.
The S&P/ASX 200 Health Care (ASX:XHJ) sector was 0.510% lower at 40171.700 points during today’s trading session today.
Meanwhile, the S&P/ASX 200 Information Technology (ASX:XIJ) sector was seen trading in red, as the index was 2.992% lower at 1838.600 points at 12:28 PM AEST.
Data show that in FY2021, the value of direct premiums of the general insurance industry in Australia was the highest at AU$ 45 billion. The health insurance industry had the second-highest direct premium value in the same fiscal year with approximately AU$ 26 billion.
This article talks about three stocks, one each from the health, information technology and insurance sector, and see how they have been performing lately. Let us look at the share market performance of WiseTech Global Limited (ASX:WTC), Ramsay Health Care Limited (ASX:RHC), and Suncorp Group Limited (ASX:SUN).
Image Source © 2022 Kalkine Media ®
WiseTech Global Limited (ASX:WTC)
On Wednesday, WiseTech Global shares traded 1.091% lower at AU$52.630 per share on ASX at 1:00 PM AEST. WiseTech shares have gained 69.28% over the last one year, while the stock is almost 12% lower year-to-date (YTD).
The company has a market capitalisation of AU$17.36 billion.
WiseTech Global is an ASX-listed information technology company that provides software solutions to the logistics industry across the globe.
In its 1HFY22 results, the company reported a revenue growth of 18% to AU$281 million and a 74% net profit surge to AU$77.4 million. The tech firm is expected to make a dividend payment to its shareholders on 8 April.
Read More: TMK, BRX & AD1: Three ASX penny stocks defying market gloom today
Ramsay Health Care Limited (ASX:RHC):
On Wednesday, the shares of Ramsay Health Care Limited were spotted trading 0.141% lower at AU$64.110 per share on ASX at 1:41 PM AEST. Ramsay Health Care shares have fallen 4.27% in the last one year, while the stock is 10.80% lower YTD.
Ramsay Health Care Limited is an ASX-listed Australian multinational healthcare provider and commands a market capitalisation of AU$14.69 billion.
Last month, the company announced that Ramsay and Sime Darby Holdings Berhad (SDH) had received a conditional, nonbinding, indicative proposal from IHH Healthcare Berhad (IHH) to acquire 100% of their 50:50 joint venture in Asia.
Read More: Why Carbonxt Group (ASX:CG1) stands to benefit from growing ecological focus
Image Source: © Rido| Megapixl.com
Suncorp Group Limited (ASX:SUN)
The shares of ASX-listed insurance group Suncorp Group Limited traded 2.261% lower at AU$10.810 per share on ASX at 1.21 PM AEST today. Suncorp Group shares have gained 7% in the last one year, while the stock is almost 6% lower YTD.
The company has a market capitalisation of AU$13.96 billion and operates in various segments — personal insurance, commercial insurance, general insurance, banking products and life insurance.
Suncorp recently updated the investment market on the impacts of the flood events on its Australian business. As of the end of 28 March 2022, Suncorp had received just over 41,900 property and motor claims across Queensland and New South Wales (NSW) due to the floods.
Read More: WTC, SUN, RHC: How are these stocks performing on ASX today?