In this piece we delve into a sector with a disproportionate amount of high StockRank stocks, which is of course the Coal sector. And is it any wonder, they re all.
A rally in US markets overnight and some support across commodities helped push the ASX higher today. Materials and Energy were the standouts though the rally was largely broad-based with just 2 sectors finishing in the red. Banks also enjoyed some strength today as the Big 4 all rallied.
Mining and energy companies took a beating and dragged the index lower on worries about the spreading of China’s COVID-19 outbreak and Europe’s power crisis.