GTCO Stock :Struggling To Recover From Strong Crash

The current share price of Guaranty Trust Holding (GTCO) is NGN 24.40. Although it closed its last trading day (Wednesday, April 13, 2022) at 24.40 NGN per share on the Nigerian Stock Exchange (NGX), recording a 3.2% gain over its previous closing price of 23.65 this recovery is too cold for comfort .Guaranty Trust Holding began the year with a share price of 26.00 NGN but has since lost 6.15% off that price valuation, ranking it 118th on the NGX in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that GTCO has lost 7% of the stock’s value from March 16th to date.

Guaranty Trust Holding is the fourth most traded stock on the Nigerian Stock Exchange over the past three months (Jan 17 – Apr 13, 2022). GTCO has traded a total volume of 1.21 billion shares—in 24,231 deals—valued at NGN 30.9 billion over the period, with an average of 19.2 million traded shares per session. A volume high of 130 million was achieved on February 17th, and a low of 2.5 million on February 10th, for the same period.

 What , indeed, has befallen Guaranty Trust Holding Company plc, GTCO, ? Between January 2018 and January 2022, its market value plummeted from N1.589trillion to NI.060 trillion in February 2021 .And from that value it cascaded to toN883b in May to N830 in June and further down to N749b in January 2022. To register that big casualty , its share price crashed from its peak on January 19, 2018, GTB was trading at N54 per share or a market capitalization of N1.5 trillion to hit its nadir of N26 in January ,a big downturn .The current share price of Guaranty Trust Holding (GTCO) is NGN 24.4.One thing is certain ,there is no smoke without fire .

Shareholder Returns

Return vs Industry: GTCO underperformed the NG Banks industry which returned 20.2% over the past year.

Return vs Market: GTCO underperformed the NG Market which returned 17.3% over the past year.