Contact Energy soars in post-Christmas Santa rally

Contact Energy hit three-year high as the Santa rally continued on Monday. (Image: Supplied)

Mon, 30 Dec 2024

Contact Energy, listed 25 years ago, reached a three-year high with a rise of nearly 6% as the New Zealand sharemarket staged a late surge to keep the Santa rally rolling.To begin with, the S&P/NZX 50 Index lacked any drive in the holiday trading. But it suddenly had a 1% turnaround in the last hour and closed at 13,270.01, up 64.91 points or 0.49% after reaching an intraday low of 13,100.53.The index reached its highest close of the year following five successive days of gains. It hit 13,212.92 on November 27. There were 16.97 million shar...

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