{"id":73319,"date":"2026-05-14T03:26:28","date_gmt":"2026-05-14T03:26:28","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/05\/14\/australian-market-trims-early-losses-in-mid-market-33\/"},"modified":"2026-05-14T03:26:28","modified_gmt":"2026-05-14T03:26:28","slug":"australian-market-trims-early-losses-in-mid-market-33","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/05\/14\/australian-market-trims-early-losses-in-mid-market-33\/","title":{"rendered":"Australian Market Trims Early Losses In Mid-market"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Australian market is trimming its early losses in mid-market moves on Thursday, but adding to the losses in the previous four sessions, following the mixed cues from Wall Street overnight. The benchmark S&amp;P\/ASX 200 is staying well below the 8,650 level, with weakness in gold miners, financial and <span class=\"landLinks\">technology<\/span> stocks.<\/p>\n<p>The benchmark S&amp;P\/ASX 200 Index is losing 16.80 points or 0.20 percent to 8,613.60, after hitting a low of 8,602.90 earlier. The broader All Ordinaries Index is down 23.30 points or 0.26 percent to 8,857.40. Australian stocks ended notably lower on Wednesday.<\/p>\n<p>Among major miners, Rio Tinto and Fortescue are adding almost 1 percent each, while BHP Group is gaining almost 2 percent. Mineral Resources is losing almost 1 percent.<\/p>\n<p>Oil stocks are mixed. Beach energy and Woodside Energy are losing almost 1 percent each, while Santos and Origin Energy are edging up 0.1 to 0.5 percent each.<\/p>\n<p>In the tech space, Afterpay owner Block is declining more than 3 percent, WiseTech Global is losing more than 4 percent, Xero is slipping almost 1 percent and Zip is edging down 0.2 percent. Appen is flat.<\/p>\n<p>Among the big four banks, Commonwealth Bank is edging down 0.2 percent, Westpac is losing more than 1 percent, ANZ Banking is down almost 1 percent and National Australia Bank is declining almost 2 percent.<\/p>\n<p>Among gold miners, Evolution Mining and Northern Star Resources are losing almost 1 percent each, while Newmont is down more than 1 percent and Genesis Minerals is slipping 1.5 percent. Resolute Mining is gaining more than 1 percent.<\/p>\n<p>In other news, shares in Megaport are skyrocketing almost 23 percent after it secured $254 million worth of long-term network and storage contracts through its newly minted Latitude.sh subsidiary and reaffirmed its full-year 2026 guidance. <\/p>\n<p>Shares in Bapcor are tumbling more than 18 percent after the listed car parts retailer downgraded its full-year 2026 EBITDA guidance, due to deteriorating trading conditions since the start of the Middle East conflict.<\/p>\n<p>Shares in GrainCorp are plunging almost 12 percent after the agribusiness company reported softer-than-expected first-half results as oversupply in global grain <span class=\"landLinks\">markets<\/span> and weak pricing compressed margins across the supply chain.<\/p>\n<p>In the currency market, the Aussie dollar is trading at $0.725 on Thursday. <\/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 Trims Early Losses In Mid-market<\/a><br \/>\n<br \/>2026-05-14 03:26:28<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian market is trimming its early losses in mid-market moves on Thursday, but adding to the losses in the previous four sessions, following the mixed cues from Wall Street&#8230;<\/p>\n","protected":false},"author":2,"featured_media":73320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-73319","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/73319","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=73319"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/73319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/73320"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=73319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=73319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=73319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}