Browsing: GTCO

Nigerian Equities Market Shrinks as Investors Lose N25bn The equities market capitalisation of the Nigerian Exchange (NGX) slumped by about…

Guaranty Trust Holding Company Plc (GTCO) says it plans to raise N400.5 billion through a public offer on the Nigerian Exchange Ltd. (NGX). Mr Segun Agbaje, Group Managing Director of GTCO, disclosed this on Monday during the “Facts Behind the Offer Presentation” in Lagos.

The average yield on Nigerian Treasury bills (NTB) climbed by 68 basis points as deposit money banks, and other authorised dealers in the fixed income market reduced their holdings amidst spot rates adjustment expectations.

Investors saw N95 billion gain as equities market rebounded midweek after two consecutive negative performance in the week. Due to buying interest on some banking, and oil and gas name, the market recalibrated from downward trend, thus push the year to date return upward.

Selloffs on FBNH, GTCO and Lafarge WAPCO are among the decliners on the Nigerian Exchange (NGX) that dragged the local bourse downward by more than

Guaranty Trust Holding Company Plc (GTCO) has filed a preliminary “red herring” prospectus with the Securities and Exchange Commission (SEC) to raise a proposed offering of N500 billion gross proceed.

In the equities market, investors that were trading highs and lows on the Nigerian Exchange (NGX) gained more than N114 billion on Thursday due to bargain hunting in banking, amd industrial names, among others.

Reversing the previous downturn, shares of Nigerian big banks are currently trading higher. The market had priced these stocks lower amidst weak sentiment in the local bourse last week, causing investors to lose N290.1 billion over five trading sessions.

GTCO’s Market Value Falls 31% Below 52-Week High Selloffs has knocked out about 31% of market value of Guaranty Trust…

Some shareholders who are part owners of Guaranty Trust Holdings Plc are selling down their shares or interest in the financial services group, according to