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The Australian stock market is swinging to modest gains in mid-market trading on Monday, reversing some of the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P\/ASX 200 index is moving above the 9,000.00 mark, with gains in energy, financial and technology<\/span> stocks partially offset by steep declines in gold and other mining stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 13.40 points or 0.15 percent to 9,008.70, after hitting a low of 8,963.60 earlier. The broader All Ordinaries Index is up 10.80 points or 0.12 percent to 9,304.00. Australian stocks closed notably lower on Friday.<\/p>\n Among the major miners, Rio Tinto and Fortescue are down almost 1 percent each, while BHP Group is losing almost 2 percent and Mineral Resources is declining more than 1 percent.<\/p>\n Oil stocks are mostly higher. Origin Energy is adding almost 1 percent, Santos is gaining more than 1 percent, Beach energy is advancing almost 4 percent and Woodside Energy is edging up 0.3 percent.<\/p>\n Among tech stocks, Afterpay owner Block is adding almost 3 percent, Xero is gaining almost 1 percent and Zip is advancing almost 4 percent, while Appen is losing more than 1 percent. WiseTech Global is flat.<\/p>\n Gold miners are mostly lower. Evolution Mining is declining almost 5 percent, Newmont is tumbling 5.5 percent and Northern Star Resources is slipping more than 3 percent, while Resolute Mining and Genesis Minerals are sliding almost 3 percent each<\/p>\n Among the big four banks, Commonwealth Bank is gaining more than 1 percent and Westpac is adding almost 1 percent, while National Australia Bank and ANZ Banking are edging up 0.1 percent each.<\/p>\n In other news, shares in Bapcor slipping almost 18 percent after the auto parts group downgraded its profit outlook and the disclosure of $12 million pre-tax earnings hit due to “unsatisfactory operational practices” in its trade division.<\/p>\n Shares in Deep Yellow are tumbling almost 17 percent after the immediate exit of the uranium miner’s chief executive John Borshoff.<\/p>\n In the currency market, the Aussie dollar is trading at $0.651 on Monday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n