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Wesfarmers share rally: 'It's not a bank'

Sarah Turner
Sarah TurnerPerspective editor

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Wesfarmers shares are on a tear this year, as the conglomerate reaps the rewards of a demerger as well as an investor preference for solid, stable companies with a decent yield that can take advantage of any economic upturn.

The firm owns a diverse range of businesses spanning from home improvement chain Bunnings to lithium company Kidman Resources.

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Sarah Turner is the editor of the AFR Weekend Perspective section based in our Sydney newsroom. Email Sarah at s.turner@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/wesfarmers-share-rally-it-s-not-a-bank-20191121-p53cpk