Afex Commodities market noted mixed experience last week

The Afex commodities market noted a mixed experience last week. The AFEX Commodities Index (ACI), which monitors domestic commodity trends, noted an increase  of 4.70%, closing at 63.97 points. On the hand, the AFEX Export Index (AEI)  fell by 2.56%  closing at 77.58 points.

Market activities on the Africa Exchange was red. The number of deals traded decreased by 23.53% . The volume of commodities traded plummeted by 91.66% , closing at 429.00  kg,  similarly, the total value of trades went down by  89.22% , ending the week at  0.29 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.

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