Santa rally set to continue

Santa rally set to continue
Rebecca Howard
New Zealand shares are set to continue their Santa rally on the last trading day before Christmas, despite ongoing worries about Brexit and the US stimulus package.The market is up 13.3 percent so far this year and a whopping 53.2 percent since the trough it hit in March.Over the past few days, NZ investors have focused on good news at home and shrugged off jitters related to new waves of covid-19, including a new variant in the UK, as well as worries about Brexit and the global economy.NZ has weathered the covid-19 storm better than most, with...

More Markets

Delegat provides a bubbly end to NZ reporting season
Markets Market Close

Delegat provides a bubbly end to NZ reporting season

Delegat Group rallied 39c to $4.05 despite a 14% profit decline.

Jamie Gray 29 Aug 2025
Harvey Norman reports 'notable turnaround' in NZ
Retail

Harvey Norman reports 'notable turnaround' in NZ

Sales in NZ rose 1.6% to $1.05 billion.

Staff reporters 29 Aug 2025
Years of turbulence ahead for Air NZ: Analysts
Markets

Years of turbulence ahead for Air NZ: Analysts

One brokerage has downgraded the airline’s stock to “sell”.

John Anthony 29 Aug 2025
Port of Tauranga seeks support for fast-track tweak
Policy

Port of Tauranga seeks support for fast-track tweak

Fast-track saga overshadows Port of Tauranga 23% profit rise.

Garth Bray 29 Aug 2025