The Wesfarmers Ltd (ASX: WES) share price outperformed on Monday, despite the company's silence.
In fact, there's been no price-sensitive news from the conglomerate since 2 June.
At close of trade, the Wesfarmers share price finished $42.40, 3% higher than its previous close.
For context, the S&P/ASX 200 Index (ASX: XJO) struggled today, slipping 0.64%.
Let's take a closer look at what might be going right for the ASX 200 giant.
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What's going on with the Wesfarmers share price?
The Wesfarmers share price took off on Monday alongside the company's home sector.
The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) closed 2.77% higher, led by the PointsBet Holdings Ltd (ASX: PBH) share price – which finished up 18.14% – and those of many ASX 200 retailers.
On Monday, stock in ARB Corporation Limited (ASX: ARB), City Chic Collective Ltd (ASX: CCX), and Harvey Norman Holdings Limited (ASX: HVN) closed higher by 6.5%, 5.56%, and 4.23%, respectively.
One of only a few ASX 200 consumer discretionary stocks trading in the red today is InvoCare Limited (ASX: IVC). It's closed the day down 0.68%.
Making Wesfarmers' Monday gain even more notable is its recent rarity. Today is the first time the stock has gained in close to a fortnight. In fact, it's fallen 10% since the end of May.
Right now, the Wesfarmers share price is 28% lower than it was at the start of 2022. It has also slipped 26% since this time last year.
