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    Thursday, June 18

    GTCO Recovers after Investors Price Block Trade

    Julius AlagbeBy Markets No Comments1 Min Read
    GTCO Recovers after Investors Price Block Trade

    GTCO Recovers after Investors Price Block Trade

    GTCO climbs slightly in the equities segment of the Nigerian Exchange after the financial giant was priced at N61 in a 13 million block trade on Thursday.

    At the close of trading session, its market price declined to N60.5, and during the intraday session, its market price has recovered.

    Data from the Nigerian Exchange showed that financial services company’s share price has inched higher to N61 after it slumped in the previous day.

    A total of 26,685,418 shares of GTCO were traded in the local bourse with price slipping to N60.5 from N61.6. Stockbrokers said out the volume, 13 million shares were blocked trade transactions negotiated privately to reduce price fluctuation.

    The deal was executed outside the Nigerian Exchange trading platform that explained why price fluctuation was minimal.  GTCO is trading at fair discount to its 52-week high of N64.5 in the equities market.

    GTCO Plc market value hovers at N2.082 trillion during intraday trading session on Friday ahead of its 2024 earnings results. # GTCO Climbs after Investors Price Block Trade at N61. #GTCO Recovers after Investors Price Block Trade#

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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