ACI Experiences Slight Gains - AFEX Commodities Weekly Report 250620

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Tuesday, June 30, 2020 / 1:30 PMKainosedge Consulting for AFEX Commodities Exchange / Header Image Credit: AFEX Commodities Exchange

 

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The AFEX Commodities Index composite experienced a slight uptick to close at 203.17 points in the week under review. The index performance appreciated by 0.34% W-on-W due to the positive market performance of the Soybean sub-index as against previous week performance in the week under review.

Soybean ticked up by 1.12% to close the trading week at N131,000/MT while maize maintained its price level in the week under review.

Paddy Rice fell by 0.86% to close the trading week at N176,913/MT, and ginger experienced a massive gain of 63.39% to close the trading week at N779,567/MT.

  

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In the open market, maize, sorghum, soybean & paddy rice experienced significant upticks in price in the week under review.

 

The aggregate volume of trades executed on the exchange in the week under review totaled 463.26MT with paddy rice and ginger accounting for more than 99% of the total traded volume.

 

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