DJ MARKET TALK: Fresenius Med Care Up On Rosy Sector Outlook

10/18/06 - Dow Jones Newswires

0833 GMT [Dow Jones] Fresenius Medical Care (FMS) +2.4% at EUR102.78, leading DAX advancers as demand for medical technology stocks continues to rise. Trader points out shares have been in demand ever since Siemens (SI), Philips (PHG), and General Electric identified the sector as an area with growth potential months ago. "That could cause strategically-oriented investors - and particularly investors abroad - to increasingly invest in the sector," he says. Furthermore, the stock is said to be profiting from upbeat brokerage commentary on the company's upcoming 3Q figures. FMC next resistance pegged at EUR105. (BEK/HAD)

 
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(END) Dow Jones Newswires

October 18, 2006 04:33 ET (08:33 GMT)

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