AFEX Commodities Weekly Report (June 28 – July 2)

The Nigerian commodities market outperforms the Nigerian stock market and the International commodities market. 

On a year-on-year basis, investors and players in the Nigerian commodities market, are better-off compared with peers trading on the Nigerian stock market and the International commodities market.

The AFEX Commodities Index (ACI) recorded a Y-o-Y margin of 91%, closing at 470.75 index points, as against the Nigeria All-Share Index (ASI) and the S&P GSCI Agriculture Index, which were up 57% and 53% respectively. The AEI was up 37% during the same period, closing at 175.86 index points.