The ASX 200 enjoyed a post Christmas rally today, rising by 1.25% to a 3-month high.

All 11 sectors were in the green, with Consumer Staples, Real Estate, and Financials dictating play and rising by 1.5%-2% each.

Traders commented that the jump in prices could be caused by relative thin trading, as most investors are already away on their New Year break.

The rally came despite Omicron cases rising across Australian states, with NSW now recording more than 11k cases.

In Financials, the big four banks were up by around 1.5%.

Retailers like Woolworths (ASX:WOW) and Coles Group (ASX:COL) were also up 1.75-2.5%% in the broad brushed rally.

And with oil prices at the highest level in months, energy stocks like Woodside Petroleum (ASX:WPL) pushed higher by more than 2%.


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Chalice Mining (ASX:CHN) announced the WA Government has approved the Stage 2 Conservation Management Plan (CMP) for initial low-impact drilling at the Julimar Project Hartog-Baudin targets.

The CMP is based on a comprehensive and detailed environmental assessment process and is designed to minimise disturbance and environmental impact.

The share price of Telstra Corp (ASX:TLS) reached a four-year high today.

There were no specific news of interest, except that it’s continuing to buy back its own shares as part of its $1.4 billion buyback program announced in August this year.


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