Tuesday, January 28, 2020 / 1:30 PM / AFEX Commodities Exchange / Header Image Credit: Iremideraise
The AFEX Commodities Index ticked upwards by 1.59% at the end of the week as soybeans propped up the index to close at 174.39 points.
Soybeans closed the week as the best performing commodity with a gain of 5.13% to finish the week at N130,621. The gains in prices witnessed over the past week was stimulated by an increase in the number of orders placed by bulk buyers of the commodity.
Overall, the price of most commodities closed the week flat as the demand levels continue to remain steady enough to prevent a rise in prices.