Healthcare stocks were higher Monday, with the NYSE Healthcare
Sector Index rising 0.7% and shares of healthcare companies in the
S&P 500 gaining 0.8% as a group.
In company news, shares of Concord Medical Services Holdings Ltd
) spiked Monday after the radiotherapy and diagnostic imaging chain
was one of nine stocks that will join the NASDAQ Golden Dragon
China Index (HXC) next week following its quarterly re-ranking.
CCM shares were ahead more than 13% at $8.36 each in recent
trade, jumping to an early top of $8.63 a share, up 17.3%. The
stock has a 52-week range of $3.51 to $10.08 a share.
According to HXC, the index is intended to provide insight and
access to Chinese companies while providing the transparency
offered with U.S. listed securities. Other new additions are
ChinaCache International Holdings Ltd. (
); China Mobile Games and Entertainment Group Ltd. (
), China HGS Real Estate Inc. (
); China Finance Online Co. Ltd. (
); Montage Technology Group Ltd. (MONT); Qunar Cayman Islands Ltd.
(QUNR); 58.com Inc. (WUBA); and Xueda Education Group (XUE).
The changes become effective Monday, March 24, prior to the
In other sector news,
(+) AMGN, (+1.8%) Said its experimental cancer vaccine,
talimogene laherparepvec, worked to shrink injected and
non-injected tumors in Phase III testing in patients with
metastatic melanoma. Data was presented at a weekend conference in
(-) NDZ, (-2.2%) CIBC cuts investment rating to Underperform
from Sector Perform.
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