• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

FUGAZ investors enjoy gains of over N23 billion in a trading week

Chidinma Anyalewechi by Chidinma Anyalewechi
January 8, 2022
in Stock Market
FUGAZ investors lost N15 billion
Share on FacebookShare on TwitterShare on Linkedin

The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, increased to N2.59 trillion as at close of business, 7th of January, 2022, as investors in these banks gained a total of N23.51 billion during the trading week.

After 4 trading days of the week, 3 of the 5 tier-1 Nigerian banks enjoyed positive market sentiments, with FBNH leading the growth.

According to data from the Nigerian Exchange (NGX), the market capitalization of the top five banks grew to N2.59 trillion, appreciating by 0.9% during the week.

RelatedStories

FTN COCOA, UNITY BANK leads as NGX top gainers for the week

ACCESSCORP leads trading value as All-Share Index rises 0.28%; five stocks hit daily gain limit 

July 9, 2025
Nigerian bank customers risk financial losses by exposing ATM card numbers—Zecharia Akinpelu

GTB, UBA resume international transactions on naira cards with varying spending limits 

July 4, 2025

A summary of the performances of each bank is captured below.


FBNH PLC

FBNH’s share price appreciated closing the week at N11.85, gaining N16.15 billion, and taking its market capitalization to N425.36 billion at the end of the week. Amid sell-offs and buy-interests, at the end of the trading week, FBNH share price appreciated by 3.90% from N11.40 to N11.85

During the week, investors traded 46,684,074 units of the bank’s shares valued at N529.63 million.

FBNH Plc’s third-quarter 2021 result showed that Interest Income dropped by 12.63% Y-o-Y to N260.12 billion, from N297.71 billion recorded in the same period of 2020. Similarly, Net interest income declined by 15.45% Y-o-Y to N162.96 billion, against N192.74 billion recorded in the corresponding period of last year. Profit after tax declined significantly by 40.15% Y-o-Y to N40.79 billion during the period under review.


UBA PLC

United Bank for Africa Plc depreciated by 0.6% as its market capitalization closed the week at N273.60 billion, with its share price standing at N8.00.

UBA Plc traded a total of 57,076,510 units valued at N459.58 million at the end of the trading day, making the bank’s stock the most traded in volume.

UBA Plc released its Q3 2021 financials, revealing that net interest income appreciated by 23.25% to N229.27 billion from N186.02 billion, while total assets grew to N8.35 trillion from N7.7 trillion. In addition, the company’s profit after tax rose by 35.61% to N104.60 billion, up from N77.13 billion in the same period of 2020.


GT Holding Company Plc

GTCO Plc declined by N5.89 billion after its market capitalization appreciated to N759.32 billion from N765.21 billion at the end of the week’s trading session.

The growth can be attributed to the decrease in its share price, from N26.00 traded at the end of last week, to N25.80 as at close of business, reflecting a decrease of 0.80%.

During the trading week, Investors traded a total of 46,858,780 units of the bank’s shares, valued at N1.21 billion, making the bank’s stock the most traded in value.

In Q3 2021, the Group reported a decline of 7.48% in interest income from N74.52 billion recorded in the corresponding period of September 2020 to N68.94 billion in the current period. However, post-tax profit appreciated by 4.11% from N48.01 billion in 2020, to N49.99 in the current period.


Access Bank Plc

Access Bank Plc’s share price grew by 2.2% to close the week at N9.50, and the market capitalization stood at N337.68 billion.

At the end of the week, investors had traded a total of 20,525,612 units of the bank’s shares valued at N192.73 million.

Access Bank Plc released its Q3 2021 financial result which revealed a decline in Net interest income by 3.43% to N67.66 billion, while profit after tax dropped by 9.11%, from N38.46 billion in September 2020 to N34.95 billion in September 2021.


Zenith Bank Plc

Zenith Bank Plc gained N7.85 billion after its market capitalization appreciated to N797.47 billion from N789.62 billion at the end of the week. This appreciation can be attributed to the 1.0% growth in its share price, from N25.15 traded at the end of last week, to N25.40 at the end of this week.

Hence, a total of 44,166,064 units of the bank’s shares were traded during the week, valued at N1.12 billion.

The bank released its nine-month financial result for the period ended September which revealed that Interest income for the period declined by 3.13% to N308.84 billion from N318.82 billion in the corresponding period of 2020. However, post-tax profit for the period reported a marginal growth of 0.80% from N159.32 billion in 2020 to N160.59 billion in the current period.


What you should know

The Nigerian Exchange Limited (NGX) closed negative week-on-week as ASI depreciated by 2.66% to close at 43,854.42.

The FUGAZ banks make up over 70% of the NSE Banking sector index, hence, strongly influencing the growth or otherwise of the index; hence, the NGX banking closed at 409.22 points.

Tags: Access BankFBNHFeaturedFUGAZGT HoldingUBAUBA PlcZenith Bank News
Chidinma Anyalewechi

Chidinma Anyalewechi

For further inquiries about this article, contact: Email: chidinma.anyalewechi@nairametrics.com LinkedIn: linkedin.com/in/chidinma-anyalewechi-a323ab173/

Related Posts

FTN COCOA, UNITY BANK leads as NGX top gainers for the week
Equities

ACCESSCORP leads trading value as All-Share Index rises 0.28%; five stocks hit daily gain limit 

July 9, 2025
Nigerian bank customers risk financial losses by exposing ATM card numbers—Zecharia Akinpelu
Financial Services

GTB, UBA resume international transactions on naira cards with varying spending limits 

July 4, 2025
NGX
Equities

Dangote Sugar, Oando lead gainers as All-Share Index smashes 120,000 mark; SWOOTs rally 

June 26, 2025
Why analysts are recommending these FUGAZ Stocks as a buy this week
Equities

FUGAZ share price surge despite CBN Forbearance issues 

June 20, 2025
UBA
Financial Services

UBA CEO Alawuba calls for special financial court to address prolonged litigation and boost SME access to credit 

June 17, 2025
Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 
Financial Services

Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 

June 13, 2025
Next Post
FG introduces N10 per litre tax on carbonated drinks as MAN kicks against it

NLC rejects FG’s tax on carbonated drinks, says government to lose N197 billion in taxes

Comments 1

  1. IBRAHIM JIRA says:
    March 25, 2022 at 9:07 pm

    Market capitalization the dictates for money in circulation and dividends.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Fraudulent Nigerian politicians now hiding their loot in cryptocurrencies – EFCC Chairman 
  • Dangote Refinery to construct 1.6 million-barrel fuel storage facility in Namibia  
  • NDDC commits $5 million to livelihood improvement project in three states 

Follow us on social media:

Recent News

Fraudulent Nigerian politicians now hiding their loot in cryptocurrencies – EFCC Chairman 

Fraudulent Nigerian politicians now hiding their loot in cryptocurrencies – EFCC Chairman 

July 10, 2025
Transmission lines in Cross River, Rivers have been vandalized severally in over 2 months – TCN

Dangote Refinery to construct 1.6 million-barrel fuel storage facility in Namibia  

July 10, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics