Guaranty Trust Holding Company (GTCO) has recorded a strong mid-market performance in the trading session of July 16, 2025, breaking through the N100 mark.
This achievement makes GTCO the first banking stock under the NGX Banking index to shatter the N100 threshold, with Stanbic IBTC Holdings hovering around N99.
This positive momentum mirrors the broader bullish trend in the banking sector, with the NGX Banking Index already up over 22% in July.
It also follows GTCO’s recent dual listing, which saw 2.29 billion ordinary shares admitted to trading on the London Stock Exchange on July 9, 2025, and a subsequent listing of 2.28 billion shares on the Nigerian Exchange the following day.
GTCO’s rally is likely fueled by positive market reaction around its cross-border listing and strong Q1 2024 earnings. The stock has gained over 27% month-to-date.
More to come…