Guaranty Trust Holding Company (GTCO) has become the first Nigerian banking stock to trade above ₦100 per share on the Nigerian Exchange (NGX), marking a historic milestone in the nation’s capital market and underscoring renewed investor confidence in the financial sector.
The breakthrough occurred on Monday, July 14, 2025, as GTCO’s share price surged past the symbolic ₦100 mark, driven by strong buying interest and favourable market sentiment. The development positions GTCO at the forefront of the NGX’s banking index and highlights the stock’s growing appeal among both local and foreign investors.
Analysts attribute the rally to a combination of factors, including GTCO’s robust financial fundamentals, investor optimism ahead of half-year earnings results, and the positive impact of the bank’s recent dual listing on the London Stock Exchange. Since debuting on the LSE earlier this month, GTCO has seen heightened visibility in global markets, further enhancing investor interest.
The performance also reflects broader momentum within the Nigerian banking sector, with other tier-one banks such as Zenith Bank and UBA recording 52-week highs in recent trading sessions. Market watchers say the sector’s bullish run is supported by improved macroeconomic indicators, better regulatory clarity, and ongoing recapitalisation efforts in line with Central Bank of Nigeria (CBN) directives.
GTCO’s rise above ₦100 per share is seen as a major psychological and financial milestone, signaling strength in leadership, strategic direction, and operational performance. The feat also reinforces the bank’s position as one of the most actively traded and capitalised stocks on the Nigerian Exchange.
While some analysts caution that profit-taking could temporarily slow the stock’s momentum, many remain confident in GTCO’s long-term growth trajectory, citing its diversified portfolio, digital innovation, and expanding international footprint.
As investors await the release of the bank’s half-year financial results, GTCO’s historic achievement is expected to set the pace for other financial institutions aiming to attract capital and grow shareholder value in Nigeria’s evolving financial landscape.
