4 of the 5 tier-1 Nigerian banks enjoyed positive market sentiments, with GT Holdings Co Plc leading the gainers.
The market capitalization of the top five banks grew to N2.72 trillion, appreciating by 1.34% during the week.
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, depreciated by 0.30% to close at N2.68 trillion.
GTBank Plc transited into a holding company structure from its commercial banking structure and listed its shares on the NGX.
At Nairametrics, we consider a stock cheap when its P/E Ratio is less than 5.
