SYDNEY, Feb 1, 2026, 17:46 (AEDT) — Market closed.
- WiseTech heads into Monday’s session under pressure after a weak finish on Friday.
- Tech shares lagged in the latest session, dragging down growth stocks.
- Attention turns to late-February earnings and when dividends will be paid, with a mandatory divestment still looming.
Shares of WiseTech Global Ltd WTC.AX closed Friday at A$58.00, dropping 2.4% to touch the bottom of their one-year range after three straight days of declines. The logistics software heavyweight, with a market cap of A$19.3 billion, has shed around 15% since January and is down roughly 53% over the past year, per market data.
The dip reflects a tough run for tech shares on the ASX. By mid-morning Friday, the S&P/ASX 200 Tech Index had dropped 1.5%, marking its lowest level since February 2024. Stocks such as Xero and Technology One also fell.
WiseTech’s upcoming milestone is February 25, the day it reports half-year results and declares its interim dividend. Shares trade ex-dividend on March 13, meaning buyers after that date miss out on the payout. The firm has set April 10 as the cash payment date.
Regulatory risk remains front and center. The Australian Competition and Consumer Commission confirmed it has accepted a court-enforceable undertaking from WiseTech and its unit BluJay Solutions (Australia) Pty Ltd, forcing them to divest Expedient. This follows an investigation tied to WiseTech’s acquisition of e2open Parent Holdings, Inc. ACCC Chair Gina Cass-Gottlieb highlighted WiseTech’s “substantial market power” and warned the deal could result in “higher prices or lower quality services.” ACCC
The requirement for Expedient to sell to an ACCC-approved buyer adds process risk, potentially delaying the deal. Any fresh updates on timing or the divestment’s mechanics could rattle the stock again.
The sell-off has tightened daily trading ranges. Moves that might’ve been overlooked last year are now steering the next session’s momentum.
When markets open Monday, traders will watch the A$58 mark closely to see if buyers can defend it following tech’s shaky start to 2026. The sector’s losses so far leave little wiggle room.
Investors are focusing less on the raw numbers and more on two critical updates: how the e2open integration is unfolding and when the mandated divestment might happen. The next half-year report should shed light on growth and cost developments.
The downside risk is evident. Another fall in tech stocks or a wary February forecast could push shares below recent lows. Added to that, any hold-ups in the Expedient sale would only fuel more uncertainty.
WiseTech will report its half-year results on Feb. 25, followed by an ex-dividend date on March 13.
