{"id":75148,"date":"2026-06-29T03:23:57","date_gmt":"2026-06-29T03:23:57","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/06\/29\/australian-market-halves-early-gains-in-mid-market-4\/"},"modified":"2026-06-29T03:23:57","modified_gmt":"2026-06-29T03:23:57","slug":"australian-market-halves-early-gains-in-mid-market-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/06\/29\/australian-market-halves-early-gains-in-mid-market-4\/","title":{"rendered":"Australian Market Halves Early Gains In Mid-market"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Australian stock market is halving its early gains in mid-market trading on Monday, extending the gains in the previous session, despite the broadly negative cues from Wall Street on Friday. The benchmark S&amp;P\/ASX 200 index is moving well above the 8,750.00 level, with gains across most sectors led by gold miners and <span class=\"landLinks\">technology<\/span> stocks.<\/p>\n<p>The benchmark S&amp;P\/ASX 200 Index is gaining 18.60 points or 0.21 percent to 8,782.80, after touching a high of 8,822.00 earlier. The broader All Ordinaries Index is up 21.10 points or 0.24 percent to 8,985.30. Australian stocks closed modestly higher on Friday. <\/p>\n<p>Among the major miners, Fortescue and BHP Group are edging up 0.2 to 0.4 percent each, while Rio Tinto is edging down 0.3 percent and Mineral Resources is losing almost 2 percent.<\/p>\n<p>Oil stocks are mostly higher. Beach energy, Santos and Woodside Energy are edging up 0.1 to 0.4 percent each, while Origin Energy is losing almost 1 percent.<\/p>\n<p>Among tech stocks, Afterpay owner Block and WiseTech Global are surging almost 5 percent each, while Zip is soaring almost 8 percent, Appen is gaining more than 1 percent and Xero is jumping more than 6 percent.<\/p>\n<p>Gold miners are mostly higher. Newmont and Resolute Mining are gaining almost 2 percent each, while Genesis Minerals is advancing almost 3 percent, Evolution Mining is adding more than 2 percent and Northern Star Resources is up almost 1 percent.<\/p>\n<p>Among the big four banks, Commonwealth Bank, Westpac and National Australia Bank are gaining almost 1 percent each, while ANZ Banking is edging up 0.2 percent.<\/p>\n<p>In other news, shares in Neuren Pharmaceuticals are skyrocketing more than 27 percent as its Rett syndrome drug Daybu moved a step closer to European approval after the European Medicines Agency&#8217;s Committee for Medicinal Products for Human Use recommended the treatment for marketing authorisation.<\/p>\n<p>In the currency market, the Aussie dollar is trading at $0.689 on Monday. <\/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 Halves Early Gains In Mid-market<\/a><br \/>\n<br \/>2026-06-29 03:23:57<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian stock market is halving its early gains in mid-market trading on Monday, extending the gains in the previous session, despite the broadly negative cues from Wall Street on&#8230;<\/p>\n","protected":false},"author":2,"featured_media":75149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-75148","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/75148","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=75148"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/75148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/75149"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=75148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=75148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=75148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}