NZ sharemarket continues end-of-year rally
The index has gained 1.3% this year and has risen nearly 8% since Nov. (Image: Getty)
The New Zealand sharemarket continued its Santa rally and is on track for its eighth successive week of gains.The S&P/NZX 50 Index had another solid afternoon and closed at 11,627.99, up 48.19 points or 0.42% after falling to a morning low of 11,544.85.The index has gained 1.3% so far this year and has risen nearly 8% since the start of November.There were 65 gainers and 69 decliners on the main board today, but trading so close to Christmas was light with 26.52 million shares worth $70.84m changing hands.Jeremy Sullivan, an investment advi...
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