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FUGAZ BANKS
The investors of Nigeria’s tier-1 banks, otherwise known as FUGAZ, gained N106 billion after FUGAZ market capitalisation appreciated 4.58%
NGX banking index grew by 1.22% from 399.15 last week to close at 404.04 points
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, appreciated by...
According to data from the Nigerian Exchange (NGX), the market capitalization of the top five banks was down to N1.95 trillion as it depreciates by 4.29% during the week.
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, depreciated by...
FUGAZ banks make up over 70% of the NSE Banking sector index, hence, strongly influencing the growth or otherwise the index.
FUGAZ stocks appreciated during the week by 2.23% to close at N2.69 trillion as investors in these banks gained a total of N58.6 billion.
Today’s uptrend was impacted by gains recorded in blue-chip stocks like Tier one Banking stocks and Industrial giant DANGCEMENT.
It's just one full week of business at the Nigerian Stock Exchange and stocks are already 9.51% up, one of the best performers in the world today.
@gtbank and @zenithbank continue to run neck to neck among the FUGAZ Banks in H1 2019.
@gtbank @myacessbank and @zenithbank take the first spot on this week's @nsenigeria watchlist
Nigeria's five largest banks made a total of N2.63 trillion as gross earnings in the 2018 financial year