{"id":79596,"date":"2026-10-16T03:29:35","date_gmt":"2026-10-16T03:29:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/10\/16\/australian-market-maintains-early-gains-in-mid-market-21\/"},"modified":"2026-10-16T03:29:35","modified_gmt":"2026-10-16T03:29:35","slug":"australian-market-maintains-early-gains-in-mid-market-21","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/10\/16\/australian-market-maintains-early-gains-in-mid-market-21\/","title":{"rendered":"Australian Market Maintains Early Gains In Mid-market"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Australian stock market is maintaining its early gains in mid-market moves on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&amp;P\/ASX 200 is moving up to near the 8,800 level, with gains across most sectors led by mining a <span class=\"landLinks\">technology<\/span> stocks.<\/p>\n<p>The benchmark S&amp;P\/ASX 200 Index is gaining 79.50 points or 0.91 percent to 8,799.20, after touching a high of 8,824.50 earlier. The broader All Ordinaries Index is up 94.50 points or 1.07 percent to 8,934.90. Australian stocks closed slightly lower on Thursday.<\/p>\n<p>Among major miners, and BHP Group is advancing almost 3 percent, Fortescue is gaining almost 2 percent and Rio Tinto is adding more than 2 percent. Mineral Resources is flat.<\/p>\n<p>Oil stocks are mostly lower. Origin Energy is gaining almost 1 percent, while Santos and Woodside Energy are edging down 0.2 percent each. Beach energy is flat.<\/p>\n<p>Among tech stocks, Afterpay and Square-owner Block is soaring almost 7 percent, Zip is edging up 0.5 percent, Appen is advancing almost 3 percent, Xero is gaining more than 4 percent and WiseTech Global is jumping more than 6 percent.<\/p>\n<p>Among the big four banks, National Australia Bank, Commonwealth Bank, Westpac are edging down 0.2 to 0.5 percent each, while ANZ Banking is adding almost 1 percent.<\/p>\n<p>Gold miners are mostly higher. Northern Star Resources and Resolute Mining are adding more than 2 percent each, while Genesis Minerals is up more than 3 percent, Evolution Mining is gaining almost 2 percent and Newmont is gaining almost 4 percent.<\/p>\n<p>In other news, shares in Maas Group are surging more than 9 percent after reiterating its balance sheet strength and <span class=\"landLinks\">business<\/span> prospects.<\/p>\n<p>In the currency market, the Aussie dollar is trading at $0.693 on Friday. <\/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 Maintains Early Gains In Mid-market<\/a><br \/>\n<br \/>2026-10-16 03:29:35<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian stock market is maintaining its early gains in mid-market moves on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-79596","post","type-post","status-publish","format-standard","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/79596","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=79596"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/79596\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=79596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=79596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=79596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}