Guaranty Trust Holding Company (GTCO) has made history as the first banking stock under the NGX Banking Index to trade above N100, following a strong performance during the July 16, 2025, trading session. The milestone places GTCO ahead of peers like Stanbic IBTC Holdings, which is currently trading around N99.
The breakthrough reflects renewed investor confidence and aligns with a broader surge in banking stocks, with the NGX Banking Index gaining over 22% so far in July.
GTCO’s upward momentum follows its recent dual listing, where 2.29 billion ordinary shares were admitted to the London Stock Exchange on July 9. A day later, 2.28 billion shares were listed on the Nigerian Exchange. This move appears to have attracted significant investor interest, boosting liquidity and international visibility.
The company’s strong first-quarter 2024 earnings also contributed to the stock’s appeal. GTCO has gained over 27% this month alone, as investors respond positively to its cross-border strategy and earnings strength.
This latest rally not only sets a new benchmark for the banking sector but also reinforces GTCO’s standing as a bellwether stock in Nigeria’s capital market.
