Sydney, Feb 3, 2026, 17:46 AEDT — Market closed
- WiseTech shares rebounded 1.7% to close at A$57.38, recovering from a 2.7% drop the previous day
- RBA raised the cash rate by 25 basis points to 3.85%, marking its first increase in two years
- Investors are now focused on the half-year results and interim dividend announcement set for Feb. 25
WiseTech Global (WTC.AX) shares climbed 1.7% to close at A$57.38 on Tuesday, clawing back some ground after Monday’s drop pushed the stock to a 52-week low of A$56.01. The day’s range was tight, between A$56.22 and A$57.64, with about 1.07 million shares changing hands. Over the past year, the stock has tumbled 53.9%. (Investing)
The Reserve Bank of Australia pushed its cash rate up by 25 basis points—to 3.85%—marking its first increase in two years. The move came as the central bank noted the economy was expanding more quickly than anticipated and inflation was expected to remain above target for a while. (Reuters)
That’s a key factor for tech stocks sensitive to interest rates. When policy rates rise, bond yields tend to climb, which can drag down the present value investors assign to future profits. Still, the S&P/ASX 200 Information Technology index ended up 1.89% at 1,974.80. (Investing)
Australian tech stocks saw a wide rally, with Xero, NextDC, and Technology One all pushing higher, according to Market Index. (Market Index)
A minor corporate filing came through Monday. An Appendix 2A revealed WiseTech sought quotation for 47,221 ordinary shares, set to issue on Feb. 3. The share issuance relates to a deal flagged back in January. (Company Announcements)
WiseTech lists its issued share capital at 336,083,713 ordinary shares as of Feb. 3 on its investor FAQ page, indicating the new stock issue is relatively small. (Wisetechglobal)
The next major checkpoint is fast approaching. WiseTech’s January ASX release scheduled its half-year results and interim dividend announcement for February 25, with an interim ex-dividend date set for March 13 — the day shares will trade without entitlement to the upcoming payout. (Company Announcements)
WiseTech’s margin for error is slim after a tough stretch, with investors still weighing the impact of its U.S. purchase of e2open. In August, the company projected fiscal 2026 EBITDA — which excludes interest, taxes, and non-cash items — between $550 million and $585 million. That fell short of the Visible Alpha consensus estimate of $651 million, according to Reuters.
The downside risk remains. Should the rate cycle tighten further, growth stocks could face sharp de-rating. WiseTech’s February update might trigger another repricing if guidance turns cautious or costs overshoot forecasts.
EY Oceania chief economist Cherelle Murphy called it unusual for the RBA to raise rates just six months after a cut. Speaking to the Australian Broadcasting Corporation, she added, “I certainly wouldn’t rule out another rate hike later in the year.” (AP News)
Wednesday’s session will test if the tech rebound sticks as investors parse the RBA’s inflation signals. WiseTech’s next major event comes on Feb. 25, with results, a dividend announcement, and any updates to its 2026 outlook in focus.
