The Australian stock market continues its upward trend on Tuesday during mid-market trading, building on the previous session's gains after Wall Street's positive performance overnight. The S&P/ASX 200 index remains slightly above the 8,200 mark, with a mixed performance seen across sectors as traders lack a clear direction ahead of the Christmas holidays.
The benchmark S&P/ASX 200 Index is up by 11.40 points, or 0.14%, at 8,213.00, having reached an earlier peak of 8,215.30. Meanwhile, the broader All Ordinaries Index is rising by 12.00 points, or 0.14%, to 8,464.70, despite Australian stocks closing significantly lower on Monday.
Among major mining companies, BHP Group and Rio Tinto are each down almost 1%, while Fortescue Metals edges lower by 0.1%. Mineral Resources is slightly up by 0.2%.
Oil stocks generally show positive performance. Origin Energy and Santos see increases of 0.3% to 0.5%, respectively, while Woodside Energy gains over 1%, and Beach Energy rises nearly 1%.
In technology, Afterpay’s parent company, Block, falls by more than 1%. Appen decreases by 3.5%, and Zip is down 2.5%. Conversely, WiseTech Global gains over 1%, and Xero edges up by 0.2%.
Gold mining stocks largely report declines. Gold Road Resources and Northern Star Resources each fall nearly 1%, while Resolute Mining drops by more than 2%. Newmont edges up 0.2%, and Evolution Mining remains unchanged.
Among the major banks, Commonwealth Bank, Westpac, National Australia Bank, and ANZ Banking each see slight increases ranging from 0.1% to 0.4%.
In the foreign exchange market, the Australian dollar is trading at $0.624 as of Monday.
The material has been provided by InstaForex Company -
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