The Australian stock market is maintaining its early gains in mid-market moves on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,800 level, with gains across most sectors led by mining a technology stocks.
The benchmark S&P/ASX 200 Index is gaining 79.50 points or 0.91 percent to 8,799.20, after touching a high of 8,824.50 earlier. The broader All Ordinaries Index is up 94.50 points or 1.07 percent to 8,934.90. Australian stocks closed slightly lower on Thursday.
Among major miners, and BHP Group is advancing almost 3 percent, Fortescue is gaining almost 2 percent and Rio Tinto is adding more than 2 percent. Mineral Resources is flat.
Oil stocks are mostly lower. Origin Energy is gaining almost 1 percent, while Santos and Woodside Energy are edging down 0.2 percent each. Beach energy is flat.
Among tech stocks, Afterpay and Square-owner Block is soaring almost 7 percent, Zip is edging up 0.5 percent, Appen is advancing almost 3 percent, Xero is gaining more than 4 percent and WiseTech Global is jumping more than 6 percent.
Among the big four banks, National Australia Bank, Commonwealth Bank, Westpac are edging down 0.2 to 0.5 percent each, while ANZ Banking is adding almost 1 percent.
Gold miners are mostly higher. Northern Star Resources and Resolute Mining are adding more than 2 percent each, while Genesis Minerals is up more than 3 percent, Evolution Mining is gaining almost 2 percent and Newmont is gaining almost 4 percent.
In other news, shares in Maas Group are surging more than 9 percent after reiterating its balance sheet strength and business prospects.
In the currency market, the Aussie dollar is trading at $0.693 on Friday.
Market Analysis
Australian Market Maintains Early Gains In Mid-market
2026-10-16 03:29:35
