GTCO Rises to N4.513trn as Valuation Ranking Changes
GTCO Plc has reached a market valuation of N4.513 trillion on the Nigerian stock market, amid significant gains by its main competitor, Zenith Bank.
Trading data from the Nigerian Exchange (NGX) tracked by MarketForces Africa revealed that Zenith Bank surpassed GTCO, achieving a market valuation of N4.569 trillion.
GTCO has benefited from increased transparency since its listing on the London Stock Exchange, attracting a growing number of local and foreign investors, thereby positively impacting its share price.
Trading data indicates that GTCO’s share price hit an all-time high of N127.50 in 2026, but has since declined due to pressure on earnings. Despite recent challenges, analysts anticipate a quick recovery, particularly given the company’s recent capital raise.
According to data from the Nigerian Exchange, GTCO Plc’s 36.550 billion outstanding shares were valued at N4.513 trillion after trading over 100 million shares worth N12.355 billion.
Currently, GTCO’s shares are trading at N123.50 each, below their 52-week high, ahead of the 2025 earnings release and the upcoming final dividend announcement. CBN Hikes Rate on 364-Day Treasury Bill to 16.73%
