During the July 16, 2025, trading session, Guaranty Trust Holding Company (GTCO) exceeded the N100 milestone and had a strong mid-market showing.
Stanbic IBTC Holdings stayed slightly below at N99, but GTCO is now the first banking stock listed under the NGX Banking Index to surpass the N100 benchmark. With the NGX Banking Index up more than 22% so far in July, the upward trend is consistent with the general optimism in the banking industry.
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This comes after the recent dual listing of GTCO, which included the addition of 2.28 billion shares to the Nigerian Exchange the following day and the listing of 2.29 billion ordinary shares on the London Stock Exchange on July 9, 2025, BrandSpur banking and finance news desk reports.
Investor reaction to its cross-border listing and its impressive Q1 2024 financial performance seems to be the main drivers of the stock’s increase. GTCO has reported a gain of more than 27% so far this month.
