FUGAZ Investors Gain N39 Billion Combined During The Week

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The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, appreciated by 1.77% to close at N2.27 trillion. As of 24th of June, 2022, as investors in these banks gained a total of N39.44 billion.

A summary of the performance of each bank is captured below.
FBNH PLC
FBNH Plc’s share price grew by 8.76% to close the week at N10.55, with its market capitalization at N378.70 billion. Amid sell-offs and buy-interests, at the end of the trading week, FBNH Plc’s share price stood at N10.55.
UBA PLC
United Bank for Africa Plc depreciated by 0.67% as its market capitalization closed the week at N254.79 billion; losing a total of N1.71 billion w-o-w, with its share price standing at N7.45.
FBNH PLC
FBNH Plc’s share price grew by 8.76% 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 Plc’s share price stood at N10.55.


UBA PLC
United Bank for Africa Plc depreciated by 0.67% as its market capitalization closed the week at N254.79 billion; losing a total of N1.71 billion w-o-w, with its share price standing at N7.45.
GT Holding Company Plc
GTCO Plc depreciated by N4.41 billion after its market capitalization declined to N615.11 billion; from N619.53 billion at the end of the week’s trading session. Post-tax profit depreciated by 5.13% to N43.21 billion in the current period.
Access Bank Plc
Share price appreciated by 2.15% to close the week at N9.50, and the market capitalization gained N7.11 billion; to stand at N337.68 billion.
Zenith Bank Plc
Zenith Bank Plc gained N7.85 billion w-o-w after its market capitalization appreciated to N679.73 billion from N671.88 billion at the end of the week.

What you should know
The Nigerian Exchange Limited (NGX) closed negative week-on-week as ASI depreciated by 0.14% to close at 51,705.61.

-Nairametrics.

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