GTCO Slides Amidst Multiple Block Transactions
Guaranty Trust Holdings Company (GTCO) Plc share price declined slightly as investors traded huge volume on the Nigerian Exchange, including an off-market transaction.
Data from the local bourse showed that GTCO.s share price settled at N84.60 on Wednesday as 18.726 million units valued at N1.591 billion exchanged ownership today.
Stockbroking firm Anchoria Securities Limited told investors in a note that multiple transactions involving a total of 9.00 million shares were executed at a price range of between ₦84.75 and ₦85.25 per share, amounting to a trade value of ₦765.75 million.
Investors with substantial units appear to be moving in, buying the dip to boost portfolio holdings in anticipation for improved earnings and market performance.
GTCO lost N1.20 on each of its 36.425 billion outstanding shareholdings in the market, dragging the market value of the group down by N43.71 billion to N3.081 trillion.
The financial services company has lost significantly since the third-quarter earnings release failed to act as a catalyst for a rally. Share price has been relatively volatile, but a number of analysts maintain a positive outlook ahead of Q4 earnings.
GTCO performance has been unimpressive in 2025 as the cost profile shifted amidst tight operating environment and rivalry among top lenders. Dangote Cement Plunges as Investors Trim Shareholding
