Commodities Market delivers mixed performance

The commodities market exhibited a varied performance last week. The AFEX Commodities Index (ACI), which tracks domestic commodity trends, experienced a minor decline of 4.29%, finishing at 61.08 points. Conversely, the AFEX Export Index (AEI) increased by 1.50%, closing at 79.62 points.

Market activities on the Africa Exchange, however, were positive. The number of transactions rose by 88.89%. The volume of commodities traded surged by 304.32%, concluding at 5,143,00 kg. Similarly, the total value of trades escalated by 289.86%, wrapping up the week at 2.69 million.

The year-on-year forecasting from AFEX remains optimistic as the exchange expects price rises across various commodities, creating potential investment opportunities.