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The Australian stock market is extending its early gains in mid-market trading on Monday, adding to 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 well above the 8,750.00 level, with gains across most sectors led by mining and technology<\/span> stocks. Energy stocks are the only weak spot.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 72.10 points or 0.83 percent to 8,788.70, after touching a high of 8,793.90 earlier. The broader All Ordinaries Index is up 65.70 points or 0.74 percent to 8,943.40. Australian stocks closed notably higher on Friday. <\/p>\n Among the major miners, BHP Group is advancing almost 3 percent, Rio Tinto is gaining more than 1 percent, Mineral Resources is adding more than 2 percent and Fortescue is up almost 2 percent.<\/p>\n Oil stocks are mostly lower. Woodside Energy and Santos are losing almost 1 percent each, while Origin Energy is edging down 0.4 percent and Beach energy is declining almost 2 percent.<\/p>\n Among tech stocks, Afterpay owner Block is advancing more than 3 percent and Zip is adding more than 4 percent, while WiseTech Global and Xero are gaining almost 3 percent each. Appen is flat.<\/p>\n Gold miners are mostly higher. Resolute Mining and Evolution Mining are adding almost 2 percent each, while Genesis Minerals and Newmont are gaining almost 1 percent each. Northern Star Resources is advancing more than 2 percent.<\/p>\n Among the big four banks, ANZ Banking, Westpac and National Australia Bank are gaining more than 1 percent each. Commonwealth Bank is flat.<\/p>\n In other news, shares in Maas Group are tumbling almost 10 percent on the failed Firmus IPO.<\/p>\n In the currency market, the Aussie dollar is trading at $0.698 on Monday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n