An heroic effort in the final few minutes of trading saw the FTSE 100 index bounce back through the 6000 level today, ending 12.85 points higher at 6008.92.
Barring any upsets in the final few days next week, the FTSE is on course for its best December since 1987, when it rose 8.5%.
Not everyone is convinced the gains are built on firm foundations, however. "It's one of the thinnest volume rallies, and there's a feeling it's built on hot air," Giles Watts, head of equities at City Index, told Reuters.
Reports of the traditional last-minute rush to the shops ? and hopes for a bumper sale season ? brought some welcome cheer to the retailers. In the FTSE 100 Next added 2% to �20.47 and Kingfisher was 1.25% higher at 266.92p.
Elsewhere in the sector Dixons Retail gained almost 2%, at 23.11p, and Ocado rose 1% to 171p.
Supergroup ? dubbed "Superdroop" by some following its recent fall from grace ? clawed back 20p of its recent losses at one stage but drooped again towards the close, ending 3p down at 1233p.
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