AFEX Commodities Index decrease by 1.87% closing at 67.15points

The commodities market saw mixed experiences last week. The AFEX Commodities Index (ACI), which monitors domestic commodity trends, decreased by 1.87%, closing at 67.15 points compared to last week’s 

 68.43 points. On the other hand, the AFEX Export Index (AEI) shot up by 9.01% to finish at 74.16 points, up from 68.03   points the previous week. 

Market activities on the Africa Exchange also reflected this mixed trend, as the number of deals traded decreased by 32.35%. Similarly, the volume of commodities traded fell by 59.09%, closing at 851.00 kg, while the total value of trades increased by 46.43% %, ending at 1,723.23 million.

The AFEX’s year-on-year forecasting remains favorable as the exchange anticipates price increases in a range of commodities, generating prospective investment opportunities.