Sydney, June 18, 2026, 07:03 AEST
- WiseTech Global finished Wednesday session at A$38.30, gaining 4.1%. The stock changed hands between A$35.91 and A$38.54. About 1.63 million shares traded. Yahoo Finance
- Australia’s S&P/ASX 200 finished up 0.54% at 8,966.30 on Wednesday. Investing.com Australia
- ASX cash market stayed quiet ahead of normal trading. Orders queued up in the pre-opening window from 07:00 to 09:59 Sydney time, but trades weren’t matched, according to ASX rules. Australian Securities Exchange
WiseTech Global is set to open Thursday in Sydney higher, rebounding strongly and trading over A$38 again. The logistics software firm bounced back after two choppy days, and a new shipping digitisation deal is catching attention.
WiseTech’s shares rebounded, and that matters now because investors are trying to figure out if there’s a true rebound underway for ASX software stocks, or if this is just about cost cutting from WiseTech’s AI restructuring. The broader market isn’t set to help much, with the ASX likely to open down after the Fed kept rates steady and both the Dow and Nasdaq dropped. ABC News
Tech stocks rose Wednesday, with WiseTech up 4.10%. Xero added 3.45% and SiteMinder finished 10.10% higher. Growth names moved after oil prices fell and risk appetite picked up. News
Hapag-Lloyd made a move in its core market. The carrier teamed up with WiseTech to roll out electronic bills of lading via the Galileo platform, Daily Cargo News reported. Galileo is a cloud service for handling electronic docs and trade finance. The eBL is a digital form of the document needed to release shipments and back trade finance. Daily Cargo News
Hapag-Lloyd issued its first eBL using Galileo for GEODIS, which uses CargoWise. The deal is set to link up with CargoWise and later INTTRA’s ocean-shipping networks. Dr. Thore Lindemann at Hapag-Lloyd called eBLs “faster, cheaper and safer” than old paper methods. Ashley Skaanild at WiseTech said paper documents are still “breaking that chain” from cargo release to trade finance. Daily Cargo News
The deal gives the stock a clear customer case just as talk over WiseTech’s overhaul continues. In February, WiseTech posted first-half revenue of $672.0 million, up 76%. CargoWise revenue grew 12%. EBITDA for the half came in at $252.1 million, up 31%. CEO Zubin Appoo said the company executed the half “with discipline.”
WiseTech stuck with its turnaround plan in the latest update, saying its AI project could mean about 2,000 roles cut over FY26 and FY27. The company held FY26 revenue guidance steady at $1.39 billion to $1.44 billion, with EBITDA still seen at $550 million to $585 million. It also warned industrial production and global trade volume could swing the figures.
The risks here aren’t minor. If the ASX opens softer, that could put pressure on software stocks and see outflows from names like WiseTech. WiseTech still needs to prove that it can manage the e2open integration and job cuts while rolling out new AI products, all without hurting customer growth or service. Back in February, Marc Jocum, senior product and investment strategist at Global X ETFs, told Reuters the earlier drop in WiseTech’s share price seemed “more governance-driven than fundamental”. He said the company’s track looked sustainable for now, despite the recent changes. Reuters
Thursday puts WiseTech to the test as investors watch if the stock can keep its bounce from Wednesday when trading opens. Traders are also weighing if the Hapag-Lloyd eBL update is a solid milestone or simply another piece of news. WiseTech’s next planned investor event is its 2026 full-year results, due Aug. 26. WiseTech Global
