Guaranty Trust Holding Company (GTCO) Plc saw its market value rise by approximately 7% last week after its stock price was adjusted for a ₦7.30 dividend payout.
The boost in GTCO’s valuation was principally driven by strong offshore interest, as foreign investors strengthened their buying activities in the stock market. Demand for the orange-branded financial services major grew considerably ahead of the group’s first-quarter 2025 results release.
Reflecting the positive sentiment among investors, GTCO’s share price climbed to N63 during a rally that spanned three of the four trading sessions on the Nigerian Exchange (NGX) last week.
Transaction data on Guaranty Trust Holding Company shares revealed that the stock price appreciated by 6.7786%, rising from N59 at the start of the week, supported by strong market activities.
The final rally of the week was fueled by substantial trading volume on Friday. GTCO’s stock price advanced from N61.10 to N63 as more than 60.735 million units, valued at N3.807 billion, exchanged hands.
With 60.74 million traded shares, or 14.19 percent of the entire market volume that day, Guaranty Trust Holding Company dominated the NGX volume chart on Friday.
