Stock market gurus say commodity bull run will continue to lift resources stocks such as Sasol, Glencore and Kumba
Despite global stock markets getting off to a rocky start to 2022 as investors fretted about the prospects of multiple interest rate hikes in the US this year, analysts are counting on a long rally in commodity stocks to counter any pullback.
The all share index surged to a record high of just under 76,000 points on January 13, before pulling back a little since. Its advance since the beginning of 2021 now sits at 26.5%, while that of the top 40 is just shy of 26%. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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