\n<\/p>\n
The Australian stock market is maintaining its early gains in mid-market trading on Monday, but reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P\/ASX 200 index is staying above the 8,800.00 level, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 31.00 points or 0.35 percent to 8,838.10, after touching a high of 8,852.30 earlier. The broader All Ordinaries Index is up 32.80 points or 0.36 percent to 9,109.40. Australian stocks closed modestly lower on Friday.<\/p>\n Among the major miners, Fortescue and Rio Tinto are gaining 1.5 percent each, while BHP Group is advancing 1.5 percent and Mineral Resources is soaring more than 10 percent.<\/p>\n Oil stocks are mostly higher. Origin Energy, Santos and Woodside Energy are edging up 0.1 to 0.4 percent each, while Beach energy is advancing 2.5 percent. <\/p>\n Among tech stocks, Afterpay owner Block is tumbling almost 9 percent, Zip is losing more than 2 percent and Xero is declining almost 1 percent, while WiseTech Global is edging up 0.4 percent and Appen is gaining 2.5 percent.<\/p>\n Gold miners are mostly lower. Northern Star Resources and Newmont are declining more than 1 percent each, while Gold Road Resources down 1.5 percent each. Evolution Mining is edging up 0.5 percent and Resolute Mining is adding almost 3 percent.<\/p>\n Among the big four banks, Commonwealth Bank are adding almost 1 percent, while ANZ Banking, National Australia Bank and Westpac are gaining more than 1 percent each.<\/p>\n In other news, shares in Liontown Resources are skyrocketing almost 20 percent after the lithium miner returned from a trading halt on completing a major capital raising.<\/p>\n Shares in DigiCo are jumping more than 9 percent after the real estate company secured the government’s housing certification.<\/p>\n Shares in Iress are tumbling almost 11 percent after reporting downbeat s results for the half yearly period.<\/p>\n Shares in IDP Education soaring almost 10 percent as Jefferies Australia analyst Wei Sim raised his price target on a bullish note.<\/p>\n Shares in JB Hi-Fi are diving almost 9 percent after long-serving chief executive Terry Smart announced his decision by to step down from the top position in October.<\/p>\n In the currency market, the Aussie dollar is trading at $0.652 on Monday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n