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Saturday, 28 June 2025
Investing

Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The benchmark S&P/ASX 200 is falling below 8,550 levels, with weakness in gold miners, energy and technology shares partially offset with benefits in iron ore miners. The benchmark S&P/ASX 200 index is losing 12.50 points or 0.15 percent to 8,546.70 after being reduced from 8,533.00. The comprehensive all Ordinary Index is below 10.80 points or from 0.12 percent to 8,769.10. The Australian shares were slightly higher on Wednesday.

In major miners, Rio Tinto and Fortesku metals are growing up to 0.3 percent each, while mineral resources are growing by about 5 percent. The BHP group is flat.

Oil stocks are mostly low. The original energy is losing about 1 percent, while the beach energy and woodside energy are less than 0.2 to 0.3 percent. Santos is receiving about 1 percent

In Tech Space, Wisetech Global and ZIP are less than 0.4 percent from 0.2, while the owners of AFTERPAY are losing more than 1 percent and the Xero is tumbling more than 5 percent after the software giants agreed to acquire $ 3.9 billion of US accounting and invoices platform payments. The Appeen is adding about 3 percent.

In four large banks, Westpack and National Australia Bank are decreasing by 0.2 to 0.4 percent, while ANZ banking is increasing by more than 1 percent and the Commonwealth Bank is growing 0.1 percent.

Among gold miners, the northern star resources are declining by about 3 percent, development mining is losing more than 2 percent, the gold road resource is less than 1 percent and the pneumont is increasing below 0.3 percent, while the resolution mining is exceeding 1 percent.

In the money market, the Australian dollar is trading at $ 0.652 on Thursday.

The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.

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