Guaranty Trust Holding Company (GTCO) has made history, becoming the first Nigerian banking stock to cross the ₦100 mark on the Nigerian Exchange (NGX), hitting the milestone during the mid-market session on July 16, 2025.
This breakthrough cements GTCO’s leadership in the NGX Banking Index and reflects surging investor sentiment across the financial sector.
The landmark performance comes amid a broader bullish run in banking equities, with the NGX Banking Index gaining over 22% in July alone.
Analysts attribute this sector-wide rally to a mix of strong Q1 2025 earnings, aggressive recapitalization efforts, and renewed interest from foreign investors.
GTCO’s recent dual listing has also played a critical role in this upward momentum. On July 9, 2025, the bank successfully listed 2.29 billion ordinary shares on the London Stock Exchange (LSE), followed by a 2.28 billion share listing on the NGX a day later, a move analysts believe has enhanced its global visibility and liquidity.
The stock’s over 27% month-to-date gain is fueled by strong fundamentals and renewed investor appetite.
With Stanbic IBTC Holdings now trading near ₦99, market participants expect further breakthroughs in the banking index. GTCO’s rally is also seen as a signal of deepening investor trust in Nigeria’s financial sector amid macroeconomic reforms and stable policy signals from the Central Bank.
As Nigeria’s equities market continues to mature, GTCO’s milestone could open the door for more Tier-1 banks to test the psychological ₦100 ceiling, reshaping equity valuations in the process.
