• 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

FUGAZ investors gain N79 billion during the week

Inimfon Asifa by Inimfon Asifa
December 3, 2022
in Equities, Exclusives, Markets
FUGAZ investors lose N44.2 billion during the week
Share on FacebookShare on TwitterShare on Linkedin

The market capitalization of the top five banks in Nigeria, otherwise known as the tier-1 banks or FUGAZ, appreciated by 3.53% to close at N2.31 trillion as of Friday, even as the investors in these banks gained a total of N78.6 billion.
After five trading days of the week, four of the five tier-1 Nigerian banks enjoyed positive market sentiments, with GTCO leading the gainers while only UBA remained unchanged.
According to data from the Nigerian Exchange (NGX), the market capitalization of the top five banks rose to N2.31 trillion after appreciating 3.53% during the week.
A summary of the performance of each bank is captured below.


FBNH PLC

FBNH’s share price appreciated by 1.8% as its market capitalization closed the week at N402 billion, gaining a total of N7.17 billion week-on-week.

FBNH Plc’s earnings report for the 9-month ended 30th September 2022, showed that interest income grew by 45.3% Y-o-Y to N144 billion from N99 billion recorded in the same period of 2021. Similarly, profit after tax grew by 1155% Y-o-Y to N34 billion during the period under review, from N2.7 billion.

RelatedStories

Why analysts are recommending these FUGAZ Stocks as a buy this week

Investors rake in N1 trillion from FUGAZ investments in 2024 

December 10, 2024
FUGAZ shares rises by 6.40% as Investors gain N162.2 billion.

FUGAZ shares rises by 6.40% as investors gain N162.2 billion

May 20, 2023

UBA PLC

United Bank for Africa Plc’s share price remained unchanged during the week, maintaining a share price of N7.3 as of Friday. Also, the bank’s market capitalization remained at N249.6 billion amid sell-offs and buy-interests at the end of the trading week.

UBA Plc released its Q3 2022 financial statements, revealing that net interest income appreciated by 29% to N105 billion from N81.1 billion, while total assets grew to N9.31 trillion from N8.45 trillion recorded during the comparable period in 2021. In addition, the company’s profit after tax rose by 3.85% to N45.708 billion from N44.014 billion in the same period of 2021.


GT Holding Company Plc

GTCO Plc appreciated by N41.2 billion after its market capitalization rose to N629.82 billion from N588.62 billion at the end of the week’s trading session.

The growth can be attributed to a 7.00% increase in share price from N20.00 to N21.40 as of the close of business.

The bank’s financial statements for the period ended 30th September 2022 revealed a growth of 23.71% in net interest income from N68.94 billion as of Q3 2021 to N85.29 billion in the current period. However, post-tax profit appreciated by 5.61% to N52.79 billion from N49.98 billion in the current period.


Access Holdings Plc

Access Holding Plc’s share price appreciated by 1.2% to close the week at N8.7 and the market capitalization gained N3.55 billion as the market cap stood at N309.68 billion.

Access Bank Plc released its latest earnings report for the period ended September 2022, which revealed a profit of N48 billion. This is a 31% increase compared to the profit report during the comparable period in 2021. The financial report also showed that interest income rose by 34% from N154.941 billion to N115.543 billion in the current period.


Zenith Bank Plc

Zenith Bank Plc gained N26.68 billion w-o-w after its market capitalization appreciated to N714.27billion from N687.58 billion at the end of the week. This appreciation can be attributed to the 3.9% growth in its share price, from N21.90 traded at the end of last week, to N22.75 at the end of this week.

The bank’s Q3 2022 financial result for the period that ended September revealed that interest income for the period grew by 24.7% to N215.81 billion from N173.114 billion in the corresponding period of 2021. Profit after tax for the period also grew by 15.5% from N54.475 billion in 2021 to N62.924 billion in the current period.

 WHAT YOU SHOULD KNOW

The Nigerian Exchange Limited (NGX) closed positive week-on-week as ASI appreciated by 1.26% to close at 48,154.65.

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 grew by 1.22% from 399.15 last week to close at 404.04 points.


Follow us for Breaking News and Market Intelligence.
Tags: FUGAZ BanksFUGAZ investors
Inimfon Asifa

Inimfon Asifa

Related Posts

Why analysts are recommending these FUGAZ Stocks as a buy this week
Equities

Investors rake in N1 trillion from FUGAZ investments in 2024 

December 10, 2024
FUGAZ shares rises by 6.40% as Investors gain N162.2 billion.
Equities

FUGAZ shares rises by 6.40% as investors gain N162.2 billion

May 20, 2023
FUGAZ gains N147.11 billion for the week led by FBNH and Access Holdings
Equities

Investors gain N4 billion as FUGAZ banks end the week positive.

May 14, 2023
FUGAZ shares rises by 6.40% as Investors gain N162.2 billion.
Markets

FUGAZ investors lose N36 billion during the week

April 23, 2023
FUGAZ gains N147.11 billion for the week led by FBNH and Access Holdings
Markets

FUGAZ investors lose N38 billion during the week

April 9, 2023
FUGAZ gains N147.11 billion for the week led by FBNH and Access Holdings
Equities

FUGAZ investors gain N77 billion during the week

April 2, 2023
Next Post
How Victor Asemota discovered and fell in love with tech

How Victor Asemota discovered and fell in love with tech

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

  • ‘Nigeria has become a crime scene’: Obi slams NNPCL over alleged N210 trillion scandal 
  • FG seek investments in ports, digital platforms to aid cross-border businesses across West Africa 
  • SOFTSWISS offers the key to responsible gambling as Nigeria’s digital betting market surges 

Follow us on social media:

Recent News

Peter Obi, Ukrain

‘Nigeria has become a crime scene’: Obi slams NNPCL over alleged N210 trillion scandal 

June 20, 2025
FG seek investments in ports, digital platforms to aid cross-border businesses across West Africa 

FG seek investments in ports, digital platforms to aid cross-border businesses across West Africa 

June 20, 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