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Guaranty Trust Holding Company (NGX: GTCO) | Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024

Guaranty Trust Holding Company is a leading financial services company listed on the Nigerian Stock Exchange (NGX). Guaranty Trust Holding Company provides banking products and services for the retail, commercial and corporate banking sectors.

Overview of Guaranty Trust Holding Company

Today, Guaranty Trust Holding Company’s portfolio of products and services are diversified in more sectors of the Financials value chain and include the following: banking products and services for the retail, commercial and corporate banking sectors.

The history of Guaranty Trust Holding Company goes back to 1990 when it was founded. On January 17, 1990 it was listed on the exchange.

Guaranty Trust Holding Company has its head offices at Plot 635, Akin Adesola Victoria Island, Lagos.

Guaranty Trust Holding Company renders its services in Cote D’Ivoire, Gambia, Ghana, Liberia, Kenya, Rwanda, Uganda, Sierra Leone, Tanzania and the United Kingdom.

The current Managing Director of Guaranty Trust Holding Company is Miriam Chidiebele Olusanya.

Guaranty Trust Holding Company’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol GTCO.

Guaranty Trust Holding Company forms part of the Banking Industry and the Financials Sector of the Nigerian Stock Exchange (NGX).

OPEN DEMO TRADING ACCOUNT YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
Guaranty Trust Holding Company

Guaranty Trust Holding Company Stock Performance

The current price for Guaranty Trust Holding Company stocks on the Nigerian Stock Exchange (NGX) is 25.40 Nigerian Naira (NGN).

An analysis of financial data of Guaranty Trust Holding Company showed that the company has a total market capitalisation of 748 Billion NGN, with a Price/Earning ratio of 3.58 and earnings per share of 7.10 NGN. A total of 29.4 Billion shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Guaranty Trust Holding Company stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Guaranty Trust Holding Company, analysts forecast further improved performance for the Financials sector with market share growing as trading volumes increase.

Guaranty Trust Holding Company

Highlights of Guaranty Trust Holding Company in 2021

Guaranty Trust Holding Company started the current financial year (2021) with a share price of 32.35 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has lost 21.5 % in value on its price valuation, ranking 143rd on the NGX with its year-to-date performance.

Guaranty Trust Holding Company is currently the fourth most-traded stock on the NGX and it has experienced a total trading volume of more than 886 million shares, which were finalised in 16,618 deals and were valued at a total of 24.5 billion Nigerian Naira (NGN) over the recent three month period from August to November 2021, with an average of 14.1 million shares in each trading session.

During the same period a volume high of 63.7 million was achieved on 14 October.

GTCO has lost 11% of the stock’s value from October 27th to date.

Guaranty Trust - How To Trade

How to buy Guaranty Trust Holding Company stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Guaranty Trust Holding Company stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “GTCO”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.