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The Australian stock market is extending its gains in mid-market trading on Monday, after snapping the five-session losing streak, with the benchmark S&P\/ASX 200 index still staying well above the 8,300.00 level, with gains in financial and technology<\/span> stocks partially offset by weakness in mining and energy stocks amid weaker commodity prices.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 73.80 points or 0.90 percent to 8,323.30, after touching a high of 8,327.30 earlier. The broader All Ordinaries Index is up 74.30 points or 0.88 percent to 8,568.30. Australian stocks closed notably lower on Monday.<\/p>\n Among the major miners, Fortescue Metals and Rio Tinto are edging down 0.1 to 0.2 percent each, while Mineral Resources is losing almost 1 percent. BHP Group is edging up 0.2 percent<\/p>\n Oil stocks are mostly lower. Origin Energy is edging down 0.2 percent, while Woodside Energy and Santos are losing almost 1 percent each, while is declining 1.5 percent, while Beach energy is gaining more than 1 percent.<\/p>\n Among tech stocks, Afterpay owner Block is gaining almost 1 percent and Appen is edging up 0.5 percent, while WiseTech Global, Xero and Zip are adding more than 1 percent each.<\/p>\n Gold miners are mixed. Gold Road Resources is gaining almost 2 percent, while Evolution Mining is edging up 0.5 percent and Resolute Mining is adding almost 1 percent, while Northern Star resources and Newmont are edging down 0.5 percent each.<\/p>\n Among the big four banks, Commonwealth Bank and ANZ Banking are gaining more than 1 percent each, while Westpac is adding almost 1 percent and National Australia Bank is advancing almost 2 percent.<\/p>\n In other news, shares in Karoon Energy are tumbling more than 7 percent after the oil and gas producer downgraded its production guidance.<\/p>\n Shares in IT services and solutions provider Data#3 are plunging almost 10 percent after the announcement of changes to its partnership with Microsoft in Australia, including a reduction in the incentives earned.<\/p>\n Shares in Novonix Ltd. are surging almost 7 percent after the synthetic graphite maker received a conditional US$755 million loan from the US Department of Energy.<\/p>\n In the currency market, the Aussie dollar is trading at $0.637 on Monday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n