Australian Market Trims Early Gains In Mid-market

(RTTNews) - The benchmark S&P/ASX 200 Index is gaining 30.30 points or 0.34 percent to 8,856.80, after touching a high of 8,880.70 earlier. The broader All Ordinaries Index is up 35.00 points or 0.39 percent to 9,126.40. Australian stocks closed significantly higher on Thursday.

The benchmark S&P/ASX 200 Index is gaining 36.10 points or 0.41 percent to 8,862.60, after touching a high of 8,880.70 earlier. The broader All Ordinaries Index is up 39.90 points or 0.44 percent to 9,131.30. Australian stocks closed significantly higher on Thursday.

Among major miners, BHP Group is losing more than 1 percent and Rio Tinto is edging down 0.5 percent, while Fortescue and Mineral Resources are edging up 0.2 percent each.

Oil stocks are mostly lower. Santos is losing almost 1 percent, while Origin Energy and Woodside Energy are edging down 0.1 to 0.3 percent each. Beach energy is gaining almost 1 percent.

Among tech stocks, Afterpay-owner Block is losing almost 1 percent and WiseTech Global is declining more than 2 percent, while Zip are advancing more than 4 percent, Appen is adding almost 2 percent and Xero is gaining almost 1 percent.

Among the big four banks, Commonwealth Bank is edging up 0.5 percent and National Australia Bank is adding more than 1 percent, while ANZ Banking and Westpac are gaining almost 1 percent each.

Gold miners are mostly higher. Evolution Mining is losing almost 1 percent, Gold Road Resources is edging down 0.2 percent and Resolute Mining is declining more than 1 percent, while Northern Star Resources is gaining almost 1 percent and Newmont is edging up 0.4 percent.

In the currency market, the Aussie dollar is trading at $0.653 on Friday.