Weekly market analysis: IHS gains 20%, ASI up by 0.07%

IHS led the league of share price gainers for the week after adding 58 kobo or 20 per cent to its N2.65 opening price to close at N3.18.
Royal Exchange followed with 8 kobo gain; just as Neimeth International Pharmaceuticals notched 16 kobo.
Also, Learn Africa leaped by 16 kobo; John Holt, 9 kobo; Union Dicon Salt, 92 kobo; C&I Leasing, 4 kobo; Redstar Express, 29 kobo; UACN Property Development Company, N1.20; even as Associated Bus Company grabbed 5 kobo.
On the other hand, Portland Paints and Products Nigeria shed 85 kobo or 15.45 per cent from its N5.50 opening price, closing at N4.65 thereby topping the share price losers table for the week.
Conoil dipped by N8.92; African Prudential Registrars, 36 kobo; Pharma-Deko, 17 kobo; NEM Insurance, 8 kobo; May & Baker, 22 kobo; Japaul Oil & Maritime Services, 5 kobo; Continental Reinsurance, 10 kobo; Wema Bank, 10 kobo; where as Zenith International Bank shaved N1.90.
More so, a sum of 34 equities appreciated in prices during the week lower than 66 equities of the preceding week.
Again, 47 equities depreciated in prices higher than 18 equities of the preceding week, where as 117 equities remained unchanged higher than 114 equities in the previous week.
The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalisation appreciated by 0.07 per cent to close on Friday at 41,480.62 and N13.275 trillion respectively.
Likewise, the NSE Lotus Islamic Index and NSE Industrial Goods Index appreciated by 0.85 per cent and 2.23 per cent respectively.
However, the NSE 30, NSE Consumer Goods, NSE Banking, NSE Insurance, and the NSE Oil/Gas Index depreciated during the week by 0.56 per cent, 0.49 per cent, 3.20 per cent, 3.00 per cent and 3.08 per cent, respectively while NSE-ASeM closed flat.
Meanwhile, a turnover of 1.722 billion shares worth N22.443 billion in 29,600 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2 billion shares valued at N15.907 billion that exchanged hands last week in 17,378 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.199 billion shares valued at N10.851 billion traded in 15,134 deals; thus contributing 69.65 per cent and 48.35 per cent to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with a turnover of 182.278 million shares worth N2.221 billion in 4,866 deals. The third place was occupied by the Conglomerates Industry with 124.131 million shares worth N665.139 million in 1,982 deals.
Trading in the top three equities namely, FBN Holdings Plc, Transnational Corporation of Nigeria Plc and Unity Bank Plc (measured by volume) accounted for 407.945 million shares worth N3.229 billion in 5,007 deals, contributing 23.69 per cent and 14.39 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 105 units of NewGold Exchange Traded Funds (ETFs) valued at N198,945.00 executed in 2 deals compared with a total of 5 units of NewGold valued at N9,867.00 transacted last week in 2 deals.
Similarly, 2,800 units of FGN bonds valued at N2.645 million were this week traded in 10 deals, compared with a total of 2,647 units of FGN bonds valued at N2.626 million transacted last week in 8 deals.
Full suspension was placed on Cadbury Nigeria Plc.’s shares on 8th of January, 2014 due to the Capital Reduction Exercise embarked by the company.