Australian Markets Slightly Higher

(RTTNews) - The Australian stock market is slightly higher on Monday, 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 well above the 8,650.00 level, with gains in mining stocks nearly offset by weakness in energy and technology stocks. The benchmark S&P/ASX 200 Index is gaining 6.80 points or 0.08 percent to 8,663.80, after hitting a low of 8,644.70 and a high of 8,664.60 earlier. The broader All Ordinaries Index is up 8.30 points or 0.09 percent to 8,885.50. Australian stocks closed modestly higher on Friday. Among the major miners, Fortescue, BHP Group and Rio Tinto are edging up 0.1 to 0.