The Australian market is maintaining its early losses in mid-market moves on Thursday after slipping deeper briefly, reversing the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness across most sectors led by in mining and energy stocks.
The benchmark S&P/ASX 200 Index is losing 37.50 points or 0.42 percent to 8,793.80, after hitting a low of 8,764.00 earlier. The broader All Ordinaries Index is down 35.80 points or 0.40 percent to 8,920.80. Australian stocks ended modestly higher on Wednesday.
Among major miners, BHP Group is down more than 1 percent, while Fortescue, Mineral Resources and Rio Tinto are declining almost 2 percent each.
Oil stocks are mostly lower. Woodside Energy is slipping almost 4 percent, Beach energy is losing more than 3 percent, Origin Energy is edging down 0.5 percent and Santos is down more than 1 percent.
In the tech space, Afterpay owner Block, Xero and Zip are losing almost 1 percent each, while WiseTech Global is gaining almost 2 percent and Appen is edging up 0.2 percent.
Among the big four banks, ANZ Banking is edging up 0.5 percent, while Commonwealth Bank, Westpac and National Australia Bank are edging down 0.1 to 0.3 percent each.
Among gold miners, Evolution Mining is edging down 0.2 percent, Genesis Minerals is losing almost 2 percent and Resolute Mining is down almost 1 percent, while Newmont and Northern Star Resources are edging up 0.2 to 0.5 percent each.
In other news, shares in Nick Scali are plunging more than 17 percent after the retailer warned of a sharp fall in profit for the December half amid challenging retail conditions.
Shares in NextDC are surging almost 9 percent after plummeting more than 40 percent on Wednesday as it was forced to slash guidance.
In the currency market, the Aussie dollar is trading at $0.702 on Thursday.
Market Analysis
Australian Market Maintains Early Losses In Mid-market
2026-10-22 03:25:36
