Lagos, Nigeria – Na big day for Guaranty Trust Holding Company (GTCO) o! On July 16, 2025, dem finally break that N100 barrier wey nobody fit touch for banking side for the Nigerian stock market. E be like say dem gree to show say dem no dey joke with their stock price again.
Dis achievement no be small thing; GTCO na the first bank wey don cross N100 for NGX Banking Index, while Stanbic IBTC dey chill around N99 (them dey try follow, but e get levels oh!). Dis bullish vibe no just come from anywhere; e dey follow the general rally wey dey happen for the banking sector, as e don dey up more than 22% for July alone. Na serious market giddigba be dis!
As dem listed 2.29 billion ordinary shares for London Stock Exchange on July 9, 2025, followed by another 2.28 billion shares for Nigeria the next day, e don show clearly say investors dey believe in wetin GTCO dey do. The stock don gain over 27% for this month wey just start. If you check am well, GTCO don start trading this year with N57, now e don reach N101 (chai! Na N44 upwards, no be small upgrade!).
Segun Agbaje, the Group CEO, come talk say GTCO dey plan to give minimum 15% dividend yield and 25% Return on Equity (ROE) wey fit make investors smile reach like 2am party goers! So, e don clear say dem dey ready to keep the cash flowing (and we go dey watch).
But no be all clear sky o! In the past few months, GTCO don face some bear vibes, but as for July, dem don come back with full force. For the first quarter of 2025, dem report pre-tax profit of N300.4 billion (my guy, wetin this bank dey chop?), showing strong growth for their core earnings. Dem still dey follow all CBN regulations sharply, plus dem dey target global markets (reach for the stars, my people!).
The overall Nigerian stock market still dey gencap, as e close at N81.58 trillion after gaining N1.44 trillion dis week. Dem say investors dey show strong confidence, even though profit-taking dey happen (like small people dey chop). 41 companies gain while 44 dey lose, but banking stocks dey shine like diamond, up by 7.02%.
So, if you never invest for GTCO, fit time to shine your eye soon, as e be like say this bank dey continue to soar high! Na serious market energy den dey get, and dem dey give people plenty reasons to smile. E go sweet to see how far dis trend go carry dem. Follow for more updates, as we dey keep our eyes on the money!
