{"id":60111,"date":"2025-05-26T03:30:07","date_gmt":"2025-05-26T03:30:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/05\/26\/australian-market-slightly-extends-early-losses-in-mid-market\/"},"modified":"2025-05-26T03:30:07","modified_gmt":"2025-05-26T03:30:07","slug":"australian-market-slightly-extends-early-losses-in-mid-market","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/05\/26\/australian-market-slightly-extends-early-losses-in-mid-market\/","title":{"rendered":"Australian Market Slightly Extends Early Losses In Mid-market"},"content":{"rendered":"
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The Australian stock market is slightly extending its early losses in mid-market trading on Monday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P\/ASX 200 index is staying near the 8,350.00 level, with weakness in mining, energy and financial stocks partially offset by gains in gold miners and technology<\/span> stocks.<\/p>\n

The benchmark S&P\/ASX 200 Index is losing 8.90 points or 0.11 percent to 8,352.00, after hitting a low of 8,345.50 earlier. The broader All Ordinaries Index is down 5.70 points or 0.07 percent to 8,581.00. Australian stocks closed modestly higher on Friday.<\/p>\n

Among the major miners, BHP Group and Mineral Resources are edging down 0.1 to 0.2 percent each, while Rio Tinto is losing more than 2 percent. Fortescue Metals is edging up 0.2 percent. <\/p>\n

Oil stocks are mostly lower. Woodside Energy and Beach energy are edging down 0.2 to 0.4 percent each, while Origin Energy is declining almost 5 percent. Santos is gaining almost 1 percent.<\/p>\n

Among tech stocks, Afterpay owner Block and Xero are edging up 0.2 to 0.4 percent each, while Appen is adding more than 2 percent and WiseTech Global is gaining almost 6 percent after it agreed to acquire U.S.-based E2open for US$2.1 billion or A$3.25 billion. Zip is flat.<\/p>\n

Gold miners are mostly higher. Evolution Mining is gaining more than 3 percent, Resolute Mining is up more than 2 percent, Northern Star Resources is adding almost 2 percent and Gold Road Resources is edging up 0.2 percent, while Newmont is edging down 0.3 percent.<\/p>\n

Among the big four banks, Commonwealth Bank and Westpac are edging down 0.1 to 0.3 percent each, while National Australia Bank and ANZ Banking are losing almost 1 percent each.<\/p>\n

In the currency market, the Aussie dollar is trading at $0.653 on Monday. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n