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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