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    GTCO Falls by 7.4% as Investors Exit Positions

    Olu AnisereBy Updated:No Comments1 Min Read
    GTCO Falls by 7.4% as Investors Exit Positions

    GTCO Falls by 7.4% as Investors Exit Positions

    GTCO Plc lost 7.41% of its market value in the Nigerian Exchange (NGX) on Friday as investor sentiment deteriorated ahead of the 2025 earnings release.

    The financial services group’s share price fell to N114.35 in the market due to the activities of a sell-side actor taking profit ahead of the Islamic holiday.

    The share price hit its weekly low as 48.890 million units of GTCO, valued at N5.974 billion, were transacted on Wednesday, dragging the banking index southward.

    At the close of the trading session, GTCO Plc’s 36.55 billion outstanding shares were valued at N4.179 trillion, at more than 10% discount to its 52-week high in the Nigerian stock market.  

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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