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The Australian stock market is extending its early gains in mid-market moves on Friday, but reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is moving well above the 8,650 level, with gains across most sectors led by gold miners and technology<\/span> stocks. Energy stocks were the only weak spot.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 89.70 points or 1.04 percent to 8,682.60, after touching a high of 8,662.70 earlier. The broader All Ordinaries Index is up 97.70 points or 1.11 percent to 8,917.30. Australian stocks closed sharply lower on Thursday.<\/p>\n Among major miners, Rio Tinto and Mineral Resources are advancing more than 1 percent each, while BHP Group is gaining almost 2 percent and Fortescue is adding almost 1 percent.<\/p>\n Oil stocks are mostly lower. Woodside Energy is declining 1.5 percent and Origin Energy is edging down 0.2 percent, while Beach energy and Santos are losing almost 1 percent each.<\/p>\n Among tech stocks, Afterpay and Square-owner Block is advancing almost 4 percent, Xero is gaining almost 1 percent, Zip is adding 2.5 percent and Appen is edging up 0.4 percent, while WiseTech Global is edging down 0.3 percent.<\/p>\n Among the big four banks, ANZ Banking and National Australia Bank are gaining almost 1 percent each, while Commonwealth Bank and Westpac are edging up 0.2 to 0.4 percent each.<\/p>\n Gold miners are mostly higher. Northern Star Resources is jumping almost 5 percent, Resolute Mining is surging almost 6 percent and Genesis Minerals is gaining more than 6 percent, while Newmont and Evolution Mining are advancing more than 4 percent each.<\/p>\n In other news, shares in Tourism Holdings are skyrocketing more than 31 percent after BGH Capital and Queensland brothers Karl and Luke Trouchet sweetened their offer to NZ$3.10 per share to buy the dual Australian and New Zealand-listed campervan business<\/span>.<\/p>\n In the currency market, the Aussie dollar is trading at $0.716 on Friday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n