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    WTC   AU000000WTC3

WISETECH GLOBAL LIMITED

(WTC)
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Delayed Quote. Delayed Australian Stock Exchange - 05/20 02:10:08 am
42.17 AUD   +2.83%
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Tech, healthcare pull down Australian shares from mid-Aug highs

01/05/2022 | 01:04am EDT

* Tech stocks record worst day in over two weeks

* BNPL stocks dip, Morgans forecasts weak earnings

* NZ closes first session of 2022 at over 2-mth high

Jan 5 (Reuters) - Australian shares reversed course after reaching mid-August highs on Wednesday, as losses in the technology and healthcare sectors were too heavy to be offset by energy and mining stocks.

The S&P/ASX 200 index lost 0.32% to 7,565.8 by the close of trade, having firmed 0.4% earlier to hit its highest in nearly five months.

The tech sector lost 2.9% in its worst session in over two weeks, tracking the tech-heavy Nasdaq index, which lost 1.3% overnight.

Mathan Somasundaram, the chief executive officer of Deep Data Analytics, attributed the Nasdaq's fall to rising bond yields ahead of the release of minutes of the U.S. Federal Reserve's last policy meeting.

The Fed had said last month it would raise interest rates at least three times in 2022, which could result in capital outflows from high-risk, high-growth sectors such as tech.

Xero Ltd, Afterpay and Wisetech Global led losses in the sector and on the benchmark, recording falls between 2.9% and 4%.

Buy now, pay later leader Afterpay and its smaller rivals Zip Co and Tyro Payments, which fell 5.3% and 6.9% respectively, were also weighed down by brokerage Morgans' forecast of weak earnings for the sector.

Healthcare stocks fell 1.9%, led by a 2.8% drop in hearing device maker Cochlear, while biotech major CSL shed 1.8%.

Meanwhile, mining and energy stocks advanced 0.4% and 0.8%, respectively, on strong iron ore and crude prices.

Oil prices rose overnight after OPEC+, an organisation of oil exporters, stuck to its plans to increase supply in February on forecasting only a mild impact on demand from Omicron, averting any last-minute surprises to the market.

New Zealand's benchmark S&P/NZX 50 index closed it first trading session of the year with a 0.9% rise at 13,150.38, its highest since late October 2021. (Reporting by Harshita Swaminathan; Editing by Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY -2.18% 66.47 End-of-day quote.-19.93%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.13% 0.7032 Delayed Quote.-3.01%
BRITISH POUND / US DOLLAR (GBP/USD) 0.19% 1.24866 Delayed Quote.-7.89%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.17% 0.7783 Delayed Quote.-1.43%
COCHLEAR LIMITED 0.71% 215.8 Delayed Quote.-0.86%
EURO / US DOLLAR (EUR/USD) -0.18% 1.056 Delayed Quote.-6.97%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.59% 0.012844 Delayed Quote.-3.79%
LONDON BRENT OIL 0.94% 112.54 Delayed Quote.42.93%
NASDAQ COMP. -0.30% 11354.62 Real-time Quote.-27.21%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.38% 0.64048 Delayed Quote.-6.67%
S&P/ASX 200 1.15% 7145.6 Real-time Quote.-5.11%
TYRO PAYMENTS LIMITED 4.48% 1.05 Delayed Quote.-63.29%
WISETECH GLOBAL LIMITED 2.83% 42.17 Delayed Quote.-29.99%
WTI 1.22% 110.515 Delayed Quote.43.34%
XERO LIMITED 3.37% 88.53 Delayed Quote.-39.45%
ZIP CO LIMITED 6.90% 0.93 Delayed Quote.-79.91%
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More news
Financials
Sales 2022 615 M 432 M 432 M
Net income 2022 163 M 115 M 115 M
Net cash 2022 375 M 263 M 263 M
P/E ratio 2022 85,0x
Yield 2022 0,23%
Capitalization 13 682 M 9 614 M 9 614 M
EV / Sales 2022 21,6x
EV / Sales 2023 17,6x
Nbr of Employees 1 900
Free-Float 46,7%
Chart WISETECH GLOBAL LIMITED
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WiseTech Global Limited Technical Analysis Chart | WTC | AU000000WTC3 | MarketScreener
Technical analysis trends WISETECH GLOBAL LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 42,17 AUD
Average target price 48,71 AUD
Spread / Average Target 15,5%
EPS Revisions
Managers and Directors
Richard John White Chief Executive Officer & Executive Director
Andrew Cartledge Chief Financial Officer
Andrew Charles Harrison Independent Non-Executive Chairman
Charles Llewelyn Gibbon Independent Non-Executive Director
Michael John Gregg Independent Non-Executive Director
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