Guaranty Trust Holdings Company (GTCO) Plc, Nigeria’s most valuable financial services group, saw a nearly 7% jump in market capitalisation last week, closing at ₦2.15 trillion despite a price markdown following its ₦7.30 dividend payout.
The uptick in GTCO’s share price was largely driven by renewed interest from foreign investors, who increased their stakes in the banking giant ahead of its Q1 2025 earnings report. The surge highlights growing offshore confidence in the orange-branded financial institution.
GTCO’s stock price rose to ₦63, riding a market rally that lasted three out of the four trading days on the Nigerian Exchange (NGX). The bullish trend reflected strong investor sentiment and aggressive buy-side action on the stock.
Starting the week at ₦59, the share price appreciated by 6.78% as investors piled in. The rally reached a peak on Friday, when GTCO stock jumped from ₦61.10 to ₦63 on the back of heavy trading.
On that day alone, over 60.74 million GTCO shares, worth ₦3.81 billion, were exchanged, making it the most actively traded stock and accounting for 14.19% of the NGX’s total volume.
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