Guaranty Trust Holding Company (GTCO) Plc recorded a significant 6.53% surge in market value recently, attracting strong investor interest and driving the banking index higher on the Nigerian Exchange (NGX).

The financial services group’s share price rose to N62 as 6.758 million shares, valued at approximately N418 million, were traded. This marks the highest level GTCO has reached in the last seven trading sessions.

Currently the most capitalized banking group on the NGX, GTCO has rebounded significantly from its 52-week low and is now trading at a fair discount to its record high. Investors are keenly awaiting the company’s 2024 earnings report and final dividend announcement, which are expected to drive further momentum in its market valuation.