• 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

The FUGAZ capitalization declines by N58 billion combined during the week

Chidinma Anyalewechi by Chidinma Anyalewechi
June 11, 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, depreciated by 2.41% to close at N2.36 trillion as at 10th of June, 2022, as investors in these banks lost a total of N58.22 billion during the trading week.

After 5 trading days of the week, all the 5 tier-1 Nigerian banks suffered negative market sentiments, with FBNH Plc leading the decliners.

According to data from the Nigerian Exchange (NGX), the market capitalization of the top five banks dropped to N2.36 trillion, depreciating by 2.41% during the week.

RelatedStories

NGX

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

FUGAZ share price surge despite CBN Forbearance issues 

June 20, 2025

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

FBNH PLC

FBNH’s share price declined by 4.09% to close the week at N10.55, with its market capitalization at N378.70 billion at the end of the week. Amid sell-offs and buy-interests, at the end of the trading week, FBNH share price stood at N10.55.

FBNH Plc’s Q1 2022 result showed that Interest Income grew by 39.67% Y-o-Y to N109.45 billion, from N78.36 billion recorded in the same period of 2021. Similarly, Profit after tax grew significantly by 107.63% Y-o-Y to N32.44 billion during the period under review.


UBA PLC

United Bank for Africa Plc depreciated by 0.65% as its market capitalization closed the week at N263.341 billion losing a total of N1.71 billion w-o-w, with its share price standing at N7.70.

UBA Plc released its Q1 2022 financials, revealing that net interest income appreciated by 14.10% to N84.87 billion from N74.38 billion, while total assets grew to N8.89 trillion from N8.54 trillion in December 2021. In addition, the company’s profit after tax rose by 8.76% to N41.50 billion, up from N38.16 billion in the same period of 2021.


GT Holding Company Plc

GTCO Plc depreciated by N16.19 billion after its market capitalization declined to N647.49 billion from N663.67 billion at the end of the week’s trading session.

The decline can be attributed to the decrease in its share price, from N22.55 traded at the end of last week, to N22.00 as at close of business, reflecting a decrease of 2.44%.

The Q1 2022 financial result revealed that the Group reported a growth of 9.10% in net interest income from N52.43 billion recorded in the corresponding period of 2021 to N57.20 billion in the current period. However, post-tax profit depreciated by 5.13% to N43.21 billion in the current period.


Access Bank Plc

Access Bank Plc’s share price depreciated by 1.51% to close the week at N9.80, and the market capitalization lost N5.33 billion to stand at N348.34 billion.

Access Bank Plc released its Q1 2022 financial result, which revealed a profit of N57.40 billion in Q1 2021, reflecting a 9.23% increase. The statement revealed that Net interest income declined by 7.03% from N93.96 billion to N87.36 billion in the current period.


Zenith Bank Plc

Zenith Bank Plc lost N18.84 billion w-o-w after its market capitalization depreciated to N717.41 billion from N736.25 billion at the end of the week. This depreciation can be attributed to the 2.56% decline in its share price, from N23.45 traded at the end of last week, to N22.85 at the end of this week.

The bank’s Q1 2022 financial result for the period ended March revealed that Net Interest income for the period grew by 20.89% to N100.54 billion from N83.17 billion in the corresponding period of 2021. However, post-tax profit for the period reported a growth of 9.68% from N53.06 billion in 2021 to N58.20 billion in the current period.


What you should know

  • The Nigerian Exchange Limited (NGX) closed positive week-on-week as ASI appreciated by 0.55% to close at 53,201.38.
  • 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 index dropped by 2.12% from 424.34 to close at 415.33 points.

Follow us for Breaking News and Market Intelligence.
Tags: Access BankFBNHFeaturedFUGAZGTCo PlcUBAUBA 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

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
Nigerian banks, fintechs set to launch cNGN stablecoin on February 27 
Exclusives

Top 10 Nigerian banks with the highest app downloads as of May 2025  

June 13, 2025
Retail Kings; Banks with the largest retail deposits in Nigeria in 2024 
Exclusives

Retail Kings; Banks with the largest retail deposits in Nigeria in 2024 

May 27, 2025
Next Post
PenCom

PenCom says 93,114 Retirement Savings Accounts registered by PFAs in Q1 2022

Leave a Reply Cancel reply

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

Emple
nlng

first bank
Zenth Bank








DUNS

Recent News

  • University Staff Union slams FG over delayed salaries, demands harmonised payment structure 
  • CWG and CAVERTON lead gainers as All-Share Index dips slightly; OANDO prints N19.8 billion trading value 
  • NRC partners five tertiary institutions to boost railway tech skills, reduce foreign training 

Follow us on social media:

Recent News

University Staff Union slams FG over delayed salaries, demands harmonised payment structure 

University Staff Union slams FG over delayed salaries, demands harmonised payment structure 

June 30, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

CWG and CAVERTON lead gainers as All-Share Index dips slightly; OANDO prints N19.8 billion trading value 

June 30, 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