{"id":67773,"date":"2025-12-17T03:26:59","date_gmt":"2025-12-17T03:26:59","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/12\/17\/australian-market-trims-early-losses-in-mid-market-21\/"},"modified":"2025-12-17T03:26:59","modified_gmt":"2025-12-17T03:26:59","slug":"australian-market-trims-early-losses-in-mid-market-21","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/12\/17\/australian-market-trims-early-losses-in-mid-market-21\/","title":{"rendered":"Australian Market Trims Early Losses In Mid-market"},"content":{"rendered":"
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The Australian stock market is trimming its early losses in mid-market moves on Wednesday, but extends the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P\/ASX 200 falling below the 8,600 level, with weakness in financial and energy stocks partially offset by gains in mining and technology<\/span> stocks.<\/p>\n

The benchmark S&P\/ASX 200 Index is losing 15.60 points or 0.18 percent to 8,583.30, after hitting a low of 8,547.10 earlier. The broader All Ordinaries Index is down 8.80 points or 0.10 percent to 8,871.80. Australian stocks ended modestly lower on Tuesday.<\/p>\n

Among major miners, Fortescue is gaining almost 1 percent, Mineral Resources is adding more than 3 percent and Rio Tinto is edging up 0.4 percent. BHP Group is flat.<\/p>\n

Oil stocks are mostly lower. Santos is down almost 1 percent and Woodside Energy is declining more than 2 percent, while Origin Energy and Beach energy is losing more than 1 percent each.<\/p>\n

In the tech space, Afterpay owner Block is adding more than 2 percent, Xero is gaining almost 1 percent and Zip is advancing more than 3 percent, while WiseTech Global is edging down 0.3 percent. Appen is flat.<\/p>\n

Among the big four banks, Commonwealth Bank and National Australia bank are losing almost 1 percent each, while Westpac and ANZ Banking are edging down 0.2 percent each.<\/p>\n

Among gold miners, Evolution Mining and Northern Star Resources are gaining almost 4 percent each, while Resolute Mining is advancing more than 4 percent, Genesis Minerals is surging more than 5 percent and Newmont adding more than 1 percent.<\/p>\n

In other news, shares in GrainCorp are tumbling more than 13 percent after it agreed to sell its interest in GrainsConnect Canada at a loss of between $5 million and $10 million.<\/p>\n

Shares in Treasury Wine Estates diving more than 9 percent after the company downgraded its profit outlook, which Citi said was 31 percent below consensus.<\/p>\n

Shares in Star Entertainment Group are jumping more than 11 percent the casino and resorts operator revealed leadership changes, with CEO Steve McCann leaving with immediate effect.<\/p>\n

Shares in Cedar Woods Properties are soaring almost 10 percent after the property development company announced its second profit outlook upgrade so far this financial year.<\/p>\n

In the currency market, the Aussie dollar is trading at $0.663 on Wednesday. <\/p>\n<\/p>\n

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