The market capitalization of the top five banks referred to as the tier-1 banks or FUGAZ, appreciated by 1.32% to close at N2.63 trillion as at close of business, 21st of January, 2022, as investors in these banks gain a total of N34.25 billion during the trading week.
After 5 trading days of the week, 3 of the 5 tier-1 Nigerian banks enjoyed positive market sentiments, as Access Bank Plc led the gainers.
According to data from the Nigerian Exchange (NGX), the market capitalization of the top five banks advanced to N2.63 trillion to appreciate by 1.32% during the week.
A summary of the performances of each bank is captured below. FBNH PLC
FBNH’s share price remained unchanged to close the week at N12.00, with its market capitalization of N430.74 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 N12.00.
During the week, investors traded 133,424,995 units of the Bank’s shares valued at N1.61 billion, making the bank’s stock the most traded in volume.
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 declined by 0.61% as its market capitalization closed the week at N280.44 billion, with its share price standing at N8.20.
UBA Plc traded a total of 41,702,809 units valued at N340.80 million at the end of the trading day.
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 grew by N17.66 billion after its market capitalization appreciated to N759.32 billion from N741.67 billion at the end of the week’s trading session.The growth can be attributed to the increase in its share price, from N25.20 traded at the end of last week, to N25.80 as at close of business, reflecting an increase of […]