GTCO and Nine Banks Hit N7.87 Trillion Market Value in 2024

The market value of GTCO and nine banks has surged to N7.87 trillion as NGX capitalisation hit N62.76 trillion.The market value of Guaranty Trust Holding Company Plc (GTCO) and nine other banks rose to N7.87 trillion in 2024 as market capitalisation increased to N62.76 trillion on the stock market of the Nigerian Exchange Limited (NGX) in 2024, an investigation by THISDAY has revealed. The NGX banking Index which witnessed mixed reactions in 2024, closed positive amid impressive corporate earnings by listed banks on the Exchange.According to analysts, investors have been trading cautiously in the banking stocks on the backdrop of the recapitalisation policy of the Central Bank of Nigeria (CBN).The CBN announced the banking sector recapitalisation exercise on March 28, 2024, and investors who invested in the banking stocks have maintained cautious trading.The post GTCO and Nine Banks Hit N7.87 Trillion Market Value in 2024 appeared first on Arise News.