The Australian market is maintaining early losses in the mid-market

(RTTNews) – The Australian share market held on to early losses in mid-day trade on Friday after opening on the golf green, adding to losses in the old session, following mixed cues from European markets and a lack of cues from Walla Drive the road in a day . The benchmark S&P/ASX 200 is falling nicely below the 8,300 level, with weakness in money, energy and professional shares partly offset by gains in mining stocks.

The benchmark S&P/ASX 200 lost 50.40 points, or 0.61 percent, to 8,278.80, after earlier hitting a low of 8,262.20. The broader All Ordinaries index fell 48.80 points, or 0.57 percent, to 8,529.00. Australian shares were modestly lower on Thursday.

Among the core miners, BHP Community gains almost 1pc and Rio Tinto adds almost 2pc, while Mineral Sources and Fortescue Metals decline by 0.3pc to 0.5pc each.

Oil reserves are largely obsolete. Woodside Energy, Beginning build Energy, and Santos are reduced by 0.1 to 0.3 pc each, while Seaside energy remains unchanged.

Among tech stocks, Afterpay-owner Block is down more than 1pc, WiseTech International is losing almost 1pc, Appen is down almost 1pc and Xero is down 0.5pc, while Zip is up 0.3pc.

Among the big four, Commonwealth Bank and National Australia Bank each lost nearly 2 percent, while Westpac fell more than 2 percent and ANZ Banking almost 1 percent. Gold miners are much higher. Evolution Mining gains almost 1pc and Newmont adds more than 1pc, while Resolute Mining and Northern Superstar Sources rise by 0.3pc and nil.5pc each. Gold Aspect road Sources decrease by 0.2pc

In the foreign exchange market, the Australian dollar was trading at $0.620 on Friday.

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