AFEX Indexes maintain value addition to investors amid economic uncertainty

Compared to the Nigerian Stock Exchange, investors trading on the AFEX Commodities Index (ACI) and AFEX Export Index (AEI) saw the better performance with the year-to-date performance of 24% and 3%, respectively, while the All-Share Index (ASI) of the Nigerian Stock Exchange closed at a negative performance of 5% at the end of May.

The ACI closed at 397.33 points after it maintained a bullish trend at a slower rate, with a volatility of 3% from 5% in the review month. A sharp decline disrupted the stable AEI at the beginning of the month because of the light cocoa harvests. However, the AEI remained flat for the rest of the month as it closed at 146.57 points

Afex Report