WiseTech Global Ltd (ASX:WTC)
WiseTech Global Ltd (ASX: WTC) was founded in 1994 by Richard White to provide software to the logistics sector. Since then it has grown to become a global provider of logistics software, claiming to service 19 of the top 20 logistics companies globally. WiseTech makes money by charging its customers on a ‘per use’ basis rather than as a subscription model. Meaning, WiseTech directly benefits as its customers grow their businesses.
WiseTech Global Ltd (ASX:WTC) share price
WiseTech Global Ltd (ASX:WTC) share price news
Tale of 2 telecoms
Telstra Group Ltd (ASX: TLS) gained 5 cents, or 1.3%, to $3.92, after being up 2.3% at one point, as it was perceived as benefiting from the big outage at rival Optus. In Singapore, the shares of Optus’ owner Singapore Telecom were down 5.2% on the news, and finished down 4.8% for the day.
Markets hit by risk off sentiment: S&P/ASX 200 (INDEXASX:XJO) down 0.3%
Both the key Australian indices fell on Monday, with the S&P/ASX200 (INDEXASX: XJO) falling 0.3% and the All Ordinaries (INDEXASX: XAO) 0.4% with the technology sector the biggest detractor, down 2.8%.
All Ordinaries (ASX:XAO) holds on despite tech selloff: Inflation increases to 5.2%
The tech sector fell 1% and healthcare 0.7% as bond yields continue to increase around the world and place pressure on long-term growth companies.
Morning Update: All Ordinaries (INDEXASX: XAO) finishes higher
Another 4% fall in the price of iron ore was almost enough to drive the S&P/ASX200 (INDEXASX: XJO) lower, with the materials sector falling 0.7% to open the week.
Federal Reserve meeting weighs on stocks
The local share market started the week lower, ahead of the US Federal Reserve’s two-day policy meeting, which begins on Tuesday.
S&P/ASX 200 (INDEXASX: XJO) trades lower ahead of US inflation print
A tech slide dragged the ASX indices lower on Wednesday, ahead of the US inflation data coming in overnight.
Is the Altium Limited (ASX: ALU) share price now overvalued?
When I woke up this week and saw that the Altium Limited (ASX: ALU) share price had jumped 25% in one day I was so disappointed. I wanted to buy some Altium shares because I noticed, surprisingly, that it hadn’t really budged since the beginning of the year.
WiseTech (ASX:WTC) share price plummets on FY23 result, guidance
The WiseTech Global Ltd (ASX:WTC) share price is down over 17% after revealing an impressive FY23 result that wasn’t enough for investors.
ASX 200 (ASX:XJO) share price hits three-month high on falling inflation, Austal sinks on downgrade
The local share market managed a 0.9% gain, taking it to a five-month high on the back of another confirmation of falling price levels and inflation.