NZ sharemarket follows international Santa rally

The Dow Jones Industrial Average was up 0.4% to a record 37,545.33.

Wed, 27 Dec 2023

It took most of the day but the New Zealand sharemarket finally found its mojo post-Christmas as the Santa rally continued overseas.The S&P/NZX 50 Index had an early fall but recovered with a late spike in the matching session – the Australian market was powering ahead – and closed at 11,678.43, up 44 points or 0.4%. The NZX index reached an intraday low of 11,593.02.Trading was light with 15.6 million shares worth $47.9 million changing hands, and there were 76 gainers and 45 decliners on the main board.Shane Solly, portfolio m...

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