Fluctuations in Commodities Market as volumes fall by 29.94%

The commodities market saw mixed experiences last week. The AFEX Commodities Index (ACI), which monitors domestic commodity trends, increased by 4.21%, closing at 68.43 points compared to last week’s 

65.66 points. On the other hand, the AFEX Export Index (AEI) dipped by 12.60% to finish at 68.03 points, up from 77.84 points the previous week. 

Market activities on the Africa Exchange also reflected this mixed trend, as the number of deals traded decreased by 19.05%. Similarly, the volume of commodities traded fell by 29.94%, closing at 2,080.00 kg, while the total value of trades declined by 50.03%, ending at 1,176.84 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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