{"id":54639,"date":"2025-01-03T02:42:17","date_gmt":"2025-01-03T02:42:17","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/01\/03\/australian-market-extends-early-gains-in-mid-market-2\/"},"modified":"2025-01-03T02:42:17","modified_gmt":"2025-01-03T02:42:17","slug":"australian-market-extends-early-gains-in-mid-market-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/01\/03\/australian-market-extends-early-gains-in-mid-market-2\/","title":{"rendered":"Australian Market Extends Early Gains In Mid-market"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Australian stock market is extending its early gains in mid-market trading on Friday, also adding to the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&amp;P\/ASX 200 is moving well above the 8,200 level, with gains across most sectors led by gold miners, energy and <span class=\"landLinks\">technology<\/span> stocks.<\/p>\n<p>The benchmark S&amp;P\/ASX 200 Index is gaining 43.60 points or 0.53 percent to 8,244.80, after touching a high of 8,249.90 earlier. The broader All Ordinaries Index is up 43.30 points or 0.51 percent to 8,508.30. Australian stocks closed notably higher on Thursday.<\/p>\n<p>Among major miners, BHP Group, Rio Tinto and Mineral Resources are edging down 0.5 percent each, while Fortescue Metals is losing almost 1 percent.<\/p>\n<p>Oil stocks are mostly higher. Woodside Energy and Beach energy are gaining almost 1 percent each, while Santos is adding more than 1 percent. Origin Energy is flat.<\/p>\n<p>Among tech stocks, Afterpay-owner Block, WiseTech Global and Xero are edging up 0.2 to 0.5 percent each, while Zip is gaining 1.5 percent and Appen is adding almost 1 percent.<\/p>\n<p>Among the big four banks, Commonwealth Bank, Westpac and National Australia Bank are gaining almost 1 percent each, while ANZ Banking is edging up 0.4 percent each.<\/p>\n<p>Gold miners are mostly higher. Evolution Mining and Northern Star Resources are gaining more than 2 percent each, while Resolute Mining and Gold Road Resources are adding almost 3 percent each. Newmont is advancing more than 3 percent.<\/p>\n<p>In other news, shares in Paladin Energy are jumping almost 8 percent after its substantial holder, JPMorgan Chase &amp; Co, increased its voting power to 7.55% from 6.48%.<\/p>\n<p>In the currency market, the Aussie dollar is trading at $0.621 on Friday. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Australian Market Extends Early Gains In Mid-market<\/a><br \/>\n<br \/>2025-01-03 02:42:17<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian stock market is extending its early gains in mid-market trading on Friday, also adding to the gains in the previous two sessions, despite the broadly negative cues from&#8230;<\/p>\n","protected":false},"author":2,"featured_media":54640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-54639","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/54639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=54639"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/54639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/54640"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=54639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=54639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=54639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}