{"id":59190,"date":"2025-05-01T03:25:48","date_gmt":"2025-05-01T03:25:48","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/05\/01\/australian-market-turns-to-modest-gains-in-mid-market\/"},"modified":"2025-05-01T03:25:48","modified_gmt":"2025-05-01T03:25:48","slug":"australian-market-turns-to-modest-gains-in-mid-market","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/05\/01\/australian-market-turns-to-modest-gains-in-mid-market\/","title":{"rendered":"Australian Market Turns To Modest Gains In Mid-market"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Australian market is turning its early losses to modest gains in mid-market moves on Thursday, extending the gains in the previous five sessions, following the mixed cues from Wall Street overnight. The benchmark S&amp;P\/ASX 200 is staying well above the 8,100 level, with gains in some <span class=\"landLinks\">technology<\/span> stocks nearly offset by weakness in mining and energy stocks amid softer commodity prices.<\/p>\n<p>The benchmark S&amp;P\/ASX 200 Index is gaining 17.30 points or 0.21 percent to 8,143.50, after hitting a low of 8,109.70 earlier. The broader All Ordinaries Index is up 19.40 points or 0.23 percent to 8,360.40. Australian stocks ended significantly higher on Wednesday. <\/p>\n<p>Among major miners, Mineral Resources is edging down 0.3 percent and Fortescue Metals is down almost 1 percent, while BHP Group and Rio Tinto are losing more than 1 percent each.<\/p>\n<p>Oil stocks are mostly lower. Woodside Energy is declining more than 2 percent, while Santos and Origin Energy are edging down 0.1 to 0.5 percent each. Beach energy is edging up 0.4 percent.<\/p>\n<p>In the tech space, Afterpay owner Block is losing almost 1 percent, Zip is down more than 1 percent and Appen is declining 2.5 percent, while WiseTech Global is advancing more than 5 percent and Xero is adding more than 2 percent.<\/p>\n<p>Among the big four banks, Commonwealth Bank is gaining almost 1 percent, while Westpac, National Australia Bank and ANZ Banking are edging down 0.1 to 0.4 percent each. <\/p>\n<p>Among gold miners, Newmont and Evolution Mining are losing more than 1 percent each, while Resolute Mining is declining almost 2 percent and Northern Star Resources is edging down 0.4 percent. Gold Road Resources is edging up 0.2 percent.<\/p>\n<p>In the currency market, the Aussie dollar is trading at $0.641 on Thursday. <\/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 Turns To Modest Gains In Mid-market<\/a><br \/>\n<br \/>2025-05-01 03:25:48<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian market is turning its early losses to modest gains in mid-market moves on Thursday, extending the gains in the previous five sessions, following the mixed cues from Wall&#8230;<\/p>\n","protected":false},"author":2,"featured_media":59191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-59190","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/59190","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=59190"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/59190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/59191"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=59190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=59190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=59190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}