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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%. ..

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