Market gets off to a slow start for 2025
The New Zealand sharemarket had a weak start to the year with the benchmark S&P/NZX 50 falling in light trading.
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The New Zealand sharemarket ended the year with a sudden fall of more than 1% but it still put in its best performance since 2020.
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Contact Energy, listed 25 years ago, reached an all-time high with a rise of nearly 6% as the New Zealand sharemarket staged a late surge to keep the Santa rally rolling.
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New Zealand shares, and those offshore, are enjoying the Santa rally, with the local market closing at its second-highest level this year.
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The New Zealand sharemarket delivered a mini-Santa rally as it traded above 13,000 points for the second time this month.
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