{"id":64502,"date":"2025-09-23T03:27:35","date_gmt":"2025-09-23T03:27:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/09\/23\/australian-market-extends-early-gains-in-mid-market-27\/"},"modified":"2025-09-23T03:27:35","modified_gmt":"2025-09-23T03:27:35","slug":"australian-market-extends-early-gains-in-mid-market-27","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/09\/23\/australian-market-extends-early-gains-in-mid-market-27\/","title":{"rendered":"Australian Market Extends Early Gains In Mid-market"},"content":{"rendered":"
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The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is moving above the 8,850 level, with gains across most sectors led by mining and technology<\/span> shares.<\/p>\n

The benchmark S&P\/ASX 200 Index is gaining 47.30 points or 0.54 percent to 8,858.20, after touching a high of 8,865.80 earlier. The broader All Ordinaries Index is up 45.80 points or 0.50 percent to 9,147.90. Australian stocks closed modestly higher on Monday.<\/p>\n

Among the major miners, BHP Group and Rio Tinto are edging up 0.5 percent each, while Mineral Resources advancing almost 2 percent. Fortescue is edging down 0.2 percent.<\/p>\n

Oil stocks are mixed. Santos is edging down 0.4 percent, while Origin Energy and Beach energy are edging up 0.3 to 0.4 percent each. Woodside Energy is flat.<\/p>\n

Among tech stocks, Afterpay owner Block, Zip and WiseTech Global are edging up 0.1 to 0.5 percent each, while Xero is gaining almost 1 percent. Appen is losing more than 1 percent.<\/p>\n

Gold miners are mostly higher. Northern Star resources is gaining almost 2 percent, Newmont is advancing more than 2 percent, Evolution Mining is edging up 0.4 percent, Resolute Mining is surging almost 5 percent and Gold Road Resources is adding almost 1 percent.<\/p>\n

Among the big four banks, ANZ Banking and Westpac are gaining almost 1 percent each, while Commonwealth Bank and National Australia Bank are adding more than 1 percent each.<\/p>\n

In other news, shares in Myer are tumbling almost 28 percent after reporting that net profit slipped 30 percent, even as total sales increased 0.5 percent on a pro forma basis, due to its acquisition of the Apparel Brands business<\/span> in January.<\/p>\n

Shares in Telix Pharmaceuticals are surging more than 8 percent after it said that the United States Centres for Medicare & Medicaid Services granted transitional pass-through payment status for its prostate cancer imaging product Gozellix.<\/p>\n

In economic news, the manufacturing sector in Australia continued to expand in September, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 51.6. That’s down from 53.0 in August, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that the services PMI fell to 52.0 from 55.8 in the previous month.<\/p>\n

In the currency market, the Aussie dollar is trading at $0.658 on Tuesday. <\/p>\n<\/p>\n

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