Australian Market Trims Early Gains In Mid-market

(RTTNews) - The Australian stock market is trimming its early gains in mid-market trading on Wednesday, but extends the gains in the previous session, with the benchmark S&P/ASX 200 staying well above the 7,900 level, following the mixed cues from Wall Street overnight, with gains in financial and some technology stocks partially offset by weakness in mining and energy stocks. The benchmark S&P/ASX 200 Index is gaining 17.40 points or 0.22 percent to 7,942.60, after touching a high of 7,978.40 earlier. The broader All Ordinaries Index is up 15.20 points or 0.19 percent to 8,142.10. Australian stocks ended significantly higher on Tuesday.