The Australian stock market is extending its early gains in mid-market trading on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 9,100.00 level, with gains in iron ore miners and technology stocks partially offset by weakness in energy and financial stocks.
The benchmark S&P/ASX 200 Index is gaining 51.70 points or 0.57 percent to 9,110.60, after touching a high of 9,131.30 earlier. The broader All Ordinaries Index is up 54.70 points or 0.59 percent to 9,324.40. Australian stocks closed modestly lower on Friday.
Among the major miners, Fortescue and Mineral Resources are gaining more than 2 percent each, while Rio Tinto is up more than 1 percent and BHP Group is adding more than 3 percent.
Oil stocks are mostly lower. Beach energy and Origin Energy are losing more than 1 percent each, while Woodside Energy is down almost 1 percent and Santos is slipping more than 2 percent.
Among tech stocks, Afterpay owner Block and Xero are gaining almost 2 percent each, while WiseTech Global is up almost 1 percent and Appen is advancing more than 2 percent, while Zip is losing more than 2 percent.
Gold miners are mixedc. Resolute Mining is losing more than 1 percent and Genesis Minerals is edging down 0.2 percent, while Newmont is gaining almost 2 percent and Evolution Mining is edging up 0.5 percent. Northern Star Resources is relatively flat.
Among the big four banks, Commonwealth Bank is declining almost 2 percent, while Westpac, National Australia Bank and ANZ Banking are losing almost 1 percent each.
In the currency market, the Aussie dollar is trading at $0.717 on Monday.
Market Analysis
Australian Market Extends Early Gains In Mid-market
2026-08-24 03:25:49
