Santa rally brings magic to markets

Auckland International Airport gained 23c or 2.7% to $8.75. (Image: Supplied)

Fri, 27 Dec 2024

New Zealand shares, and those offshore, are enjoying the Santa rally, with the local market closing at its second-highest level this year.The S&P/NZX 50 Index climbed strongly from midday and closed at 13,205.1, up 130.36 points or 1%. The index reached 13,212.92 on November 27.The index has now risen more than 12% for the year and is heading for its best performance in four years after rising 13.92% in 2020 thanks to the Covid financial stimulus.Today, 15.37 million shares worth $65.63m changed hands in light holiday trading.'Santa ral...

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