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Tuesday, September 29, 2026

GTCO Shares Drop 4.5% on Heavy Volume as Investors React to Half-Year Results

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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Shares of Guaranty Trust Holding Company Plc (GTCO) declined 4.5% to close at ₦132.50 on the Nigerian Exchange (NGX) following the release of its audited Half-Year (H1) 2026 financial results.

Trading activity surged to 88.3 million shares—approximately 3.6 times its 30-day average daily volume of 24.5 million shares—reflecting high institutional rebalancing as the market digested earnings dynamics.

GTCO reported a 7.7% slide in profit after tax in the first half (H1) of 2026, amid a seeming struggle by the bank to reignite growth.

Profit for the period fell to ₦414.18 billion from ₦449 billion in H1, 2025, led by a slide in net fee and commission income by 8.98 percent to ₦123 billion, from ₦135.17 billion in the earlier period.



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