SYDNEY, Feb 1, 2026, 17:46 (AEDT) — Market closed.
- WiseTech enters Monday’s session under pressure following a sluggish close on Friday.
- Tech stocks fell behind in the latest session, holding back growth-oriented shares.
- Focus shifts to late-February results and the timing of dividends, as a required divestment remains on the table.
Shares of WiseTech Global Ltd (WTC.AX) ended Friday at A$58.00, slipping 2.4% and hitting the lower edge of their one-year trading range after three consecutive days down. The logistics-software giant, valued at A$19.3 billion, has lost roughly 15% since the start of the year and is down about 53% over the last twelve months, according to market data. (MarketScreener)
The retreat mirrors a rough stretch for tech stocks on the ASX. By mid-morning Friday, the S&P/ASX 200 Tech Index had slipped 1.5%, hitting its lowest point since February 2024. Names like Xero and Technology One also slid. (Market Index)
WiseTech’s next key date is February 25, when it will release half-year results and announce its interim dividend. The shares go ex-dividend on March 13, so anyone purchasing after that won’t receive the payout. The company has confirmed cash will be paid on April 10. (Company Announcements)
Regulatory risk remains a key concern. The Australian Competition and Consumer Commission confirmed it accepted a court-enforceable undertaking from WiseTech and its unit BluJay Solutions (Australia) Pty Ltd, requiring them to divest Expedient following an investigation linked to WiseTech’s acquisition of e2open Parent Holdings, Inc. ACCC Chair Gina Cass-Gottlieb flagged WiseTech’s “substantial market power” and warned the deal could lead to “higher prices or lower quality services.” (ACCC)
The mandate that Expedient must go to an ACCC-approved buyer introduces process risk that could cause delays. Any new updates on timing or details about how the divestment will unfold might unsettle the stock once more.
The sell-off has narrowed day-to-day trading. Swings that might’ve been ignored last year are now shaping the next session’s direction.
Traders will be eyeing the A$58 level when the market reopens Monday, testing if buyers can hold ground after tech’s rough kickoff to 2026. With the sector already down, there’s little margin for error.
Investors are looking past the numbers, eager for updates on two key issues: progress with the e2open integration and the timeline for the required divestment. The upcoming half-year report is expected to reveal new figures on both growth and expenses.
The downside risk is clear. A fresh drop in tech stocks or a cautious February outlook might drive shares below their recent lows. On top of that, any delays in the Expedient sale would only deepen the uncertainty.
WiseTech is set to release its half-year results on Feb. 25, with the ex-dividend date coming up on March 13. (WiseTech Global)
