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ASX:WES.AX News 20 January 2026

Wesfarmers share price closes higher — here’s what’s driving WES.AX ahead of results

Wesfarmers share price closes higher — here’s what’s driving WES.AX ahead of results

SYDNEY, Jan 20, 2026, 17:42 AEDT — Market closed Wesfarmers Ltd shares ended Tuesday 0.8% higher at A$83.33, bucking the broader Australian market’s downward trend. (Yahoo Finance) The retailer set Feb. 19 as the date for its 2026 half-year results, marking the next key event for the stock after a solid start to the year. (Wesfarmers) The S&P/ASX 200 dropped…
20 January 2026
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Stock Market Today

  • Tiger Global and Microsoft Exit PhonePe as IPO Reveals Major Share Sale
    January 22, 2026, 7:51 AM EST. Tiger Global and Microsoft plan to fully exit PhonePe, the Walmart-backed Indian fintech, through its IPO. PhonePe aims for a $15 billion valuation, surpassing its $12 billion valuation in January 2023. The IPO will raise up to $1.5 billion with 50.66 million shares offered. Walmart retains majority control but will sell about 9%. PhonePe, founded in 2015, dominates India's digital payments market, processing 9.81 billion transactions in December 2025, outpacing Google Pay. Its revenue increased 22% to $428 million in six months ended September 2025, though losses widened. The share sale is by existing investors; no founders are selling shares.
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