Jan 17 (Reuters) - Australian shares see-sawed between gains
and losses on Monday, with a jump in energy stocks currently
lifting the benchmark index, while heavyweight miners and gold
companies fell ahead of a production-reporting week from top
miners and energy firms.
The S&P/ASX 200 index was up about 0.12% at 7,402.6
points by 2334 GMT, after slipping 1% on Friday.
The energy sub-index led gains as oil prices
remained robust on tight supply and worries of a Russian attack
on neighbouring Ukraine.
The index rallied up to 1.4%, touching its highest levels
since October. Sector majors Woodside Petroleum and
Santos firmed about 1.2% each.
Offering support to the benchmark, tech stocks
tracking their Wall Street peers were up 0.5%, with software
firm WiseTech Global gaining up to 2.5%.
However, the mining sub-index weighed on markets,
falling 0.2% on weak iron ore prices.
Fortescue Metals slid 1.4%, the most among
Australia's big miners. Rio Tinto fell 0.8%, while BHP
Group was largely flat.
Investors now await quarterly production numbers from miners
like Rio Tinto, BHP Group and oil majors like Woodside Petroleum
during the week.
Separately, BHP said on Monday it would buy battery electric
trains to deliver iron ore from its mines to ports in Western
Australia, joining Rio Tinto and Fortescue that made similar
purchases last week.
Gold stocks fell 0.8%, pressured by lower gold
prices. Evolution Mining was down about 1.5%, while the
sector heavyweight Newcrest Mining dropped 0.4%.
Among other individual shares, Australian retail
conglomerate Wesfarmers rose as much as 1.8% even after
it warned of a lower first-half net profit after tax due to
New Zealand's benchmark S&P/NZX 50 index fell
marginally by 0.05% to 12,783.53 points, deepening its losses
(Reporting by Savyata Mishra in Bengaluru; editing by