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AAP
AAP
Business
Derek Rose

Santa rally gathers steam as ASX nears record high

Santa Peter Dragicevich Kathmandu
Every sector except tech finished higher, with telecommunications gaining the most. (Mick Tsikas/AAP PHOTOS)

The Santa rally is continuing apace, with the Australian bourse closing at a fresh 10-month high after its eighth day of gains in nine sessions.

The benchmark S&P/ASX200 index on Wednesday finished up 48 points, or 0.65 per cent, to 7,537.9, its highest closing level since February 3. The broader All Ordinaries gained 48.1 points, or 0.62 per cent, to 7,764.0.

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