India, May 24 -- The Australian stock market is trading notably higher in mid-market trading on Monday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,700.00 level, with gains in mining and financial stocks partially offset by weakness in energy and technology stocks.
The benchmark S&P/ASX 200 Index is gaining 48.70 points or 0.56 percent to 8,705.70, after hitting a low of 8,644.70 and a high of 8,713.00 earlier. The broader All Ordinaries Index is up 49.00 points or 0.55 percent to 8,926.20. Australian stocks closed modestly higher on Friday.
Among the major miners, BHP Group is adding more than 1 ...