Wesfarmers reverses early gain after FY results

The company loses ground in the afternoon despite issuing a capital return to shareholders and meeting estimates for its full-year results.

Wesfarmers (WES) has fallen despite delivering a capital return of 50 cents and remaining optimistic on the current year's outlook in the face of subdued economic activity and continuing challenges for its industrials division.

The diversified retail giant reversed its early 2.5% gain in morning trade, dropping into the red by -1.34% to $41.38 at 1430 AEST.

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