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Tax-busters: 5 fully-franked ASX dividend shares I d buy for FY24
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5 reasons to buy Wesfarmers shares right now
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Why the Wesfarmers (ASX:WES) share price has soared 24% in a year
Sebastian Bowen | February 5, 2021 2:57pm |
More on: Image source: Getty Images
Wesfarmers Ltd(ASX: WES) shares have proven to be among the ASX’s most dependable achievers over the past year, rising by more than 24%. Since its lows of 23 March last year, the Wesfarmers share price is up a staggering 87.5%.
This year alone, the industrial conglomerate has added more than 8% to its market capitalisation and has been clocking new all-time highs like
The Flash over the past two months. As a point of comparison, the
S&P/ASX 200 Index (ASX: XJO) is still down around 2.4% compared to where it was 12 months ago. So what is it about this ASX blue-chip share that has investors so eager to buy in?