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The Australian stock market is trading notably higher in mid-market trading on Monday after opening in the red, extending the gains 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 8,700.00 level, with gains in mining and financial stocks partially offset by weakness in energy and technology<\/span> stocks. <\/p>\n The benchmark S&P\/ASX 200 Index is gaining 48.70 points or 0.56 percent to 8,705.70, after hitting a low of 8,644.70 and a high of 8,713.00 earlier. The broader All Ordinaries Index is up 49.00 points or 0.55 percent to 8,926.20. Australian stocks closed modestly higher on Friday. <\/p>\n Among the major miners, BHP Group is adding more than 1 percent and Mineral Resources is advancing almost 3 percent, while Fortescue and Rio Tinto are gaining almost 2 percent each.<\/p>\n Oil stocks are mostly loser. Beach energy is down more than 2 percent, Santos is losing more than 3 percent, Woodside Energy is declining more than 4 percent and Origin Energy is edging down 0.4 percent.<\/p>\n Among tech stocks, Afterpay owner Block is edging down 0.5 percent, WiseTech Global is down almost 1 percent and Appen is tumbling almost 6 percent, while Zip is edging up 0.2 percent. Xero is flat.<\/p>\n Gold miners are mostly higher., Genesis Minerals is jumping almost 6 percent, Evolution Mining is gaining more than 4 percent and Resolute Mining is soaring more than 9 percent, while Newmont and Northern Star Resources are surging almost 5 percent each.<\/p>\n Among the big four banks, Westpac is edging up 0.5 percent, while ANZ Banking and National Australia Bank are gaining almost 1 percent each. Commonwealth Bank is edging down 0.1 percent<\/p>\n In the currency market, the Aussie dollar is trading at $0.716 on Monday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n