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AAP

Business

Derek Rose

Christmas cheer as Australian shares hit 10-month high

Reserve Bank ANZ

The bourse closed at its highest in 10 months in what an analyst describes as a classic Santa rally. (Dan Himbrechts/AAP PHOTOS)

The local share market has closed at its highest level in 10 months after rising for a seventh time out of its past eight sessions.

The S&P/ASX200 on Tuesday finished up 62.7 points, or 0.84 per cent, to 7,489.1, its highest closing level since February 8.

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One subscription that gives you access to news from hundreds of sites

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