{"id":63397,"date":"2025-08-25T03:28:10","date_gmt":"2025-08-25T03:28:10","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/08\/25\/australian-market-slashes-early-gains-in-mid-market-2\/"},"modified":"2025-08-25T03:28:10","modified_gmt":"2025-08-25T03:28:10","slug":"australian-market-slashes-early-gains-in-mid-market-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/08\/25\/australian-market-slashes-early-gains-in-mid-market-2\/","title":{"rendered":"Australian Market Slashes 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 slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&amp;P\/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and <span class=\"landLinks\">technology<\/span> stocks. Financial stocks were the only weak spot.<\/p>\n<p>The benchmark S&amp;P\/ASX 200 Index is gaining 16.60 points or 0.19 percent to 8,984.00, after touching a high of 9,054.50 earlier. The broader All Ordinaries Index is up 22.00 points or 0.24 percent to 9,256.30. Australian stocks closed notably lower on Friday.<\/p>\n<p>Among the major miners, and Rio Tinto are adding more than 2 percent and Mineral Resources is advancing more than 4 percent, while BHP Group and Fortescue are gaining almost 3 percent each.<\/p>\n<p>Oil stocks are mostly higher. Woodside Energy and Santos are adding more than 1 percent each, while Beach energy is gaining more than 2 percent. Origin Energy is losing almost 1 percent.<\/p>\n<p>Among tech stocks, Afterpay owner Block is surging more than 6 percent, Zip is soaring more than 7 percent and Appen is advancing almost 6 percent, while WiseTech Global is edging down 0.4 percent and Xero is losing more than 1 percent.<\/p>\n<p>Gold miners are mostly higher. Northern Star Resources is adding more than 3 percent, Newmont is up more than 1 percent and Evolution Mining is gaining almost 3 percent, while Resolute Mining is losing more than 6 percent and Gold Road Resources is edging down 0.2 percent.<\/p>\n<p>Among the big four banks, Commonwealth Bank, National Australia Bank, ANZ Banking and Westpac are losing more than 1 percent each.<\/p>\n<p>In other news, shares in Nuix are diving more than 8 percent after the software maker slipped to a loss for the full year, due to higher legal costs and signing fewer multi-year customer contracts.<\/p>\n<p>Shares in Reece are tumbling more than 15 percent after reporting downbeat results as weak housing <span class=\"landLinks\">markets<\/span> in Australia, New Zealand and the US weighed on demand.<\/p>\n<p>Shares in Ansell are soaring more than 10 percent after the <span class=\"landLinks\">health<\/span> and safety products company reported upbeat results for the full year.<\/p>\n<p>In the currency market, the Aussie dollar is trading at $0.647 on Monday. <\/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 Slashes Early Gains In Mid-market<\/a><br \/>\n<br \/>2025-08-25 03:28:10<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on&#8230;<\/p>\n","protected":false},"author":2,"featured_media":63398,"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-63397","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/63397","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=63397"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/63397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/63398"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=63397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=63397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=63397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}