GTCO Accounts for N4.57bn of NGX Turnover as 38.23 Million Shares Change Hands

Guaranty Trust Holding Company Plc (GTCO) accounted for N4.57 billion of trading turnover on the Nigerian Exchange (NGX) on Wednesday as investors exchanged 38.23 million shares in the financial services group.

The transaction value made GTCO the biggest contributor to turnover among the five most actively traded equities on November 11, 2026, despite ranking second by volume.

GTCO’s 38.23 million shares were valued at N4.572 billion, representing approximately 20% of the N22.83 billion total value of equities traded on the Exchange during the session.

This means roughly one out of every five naira spent on equities on Wednesday was directed through transactions involving GTCO shares.

Honeywell Flour Mills recorded a significantly higher volume of 75.96 million shares but at a lower transaction value of N2.59 billion.

Sovereign Trust Insurance followed with 28.55 million shares valued at N70.39 million, while Champion Breweries recorded 24.50 million shares worth N249.05 million.

Access Holdings completed the five most actively traded equities with 23.08 million shares valued at N629.72 million.

Combined, the five stocks accounted for approximately 190.32 million shares, representing about 45.5% of the 418.35 million shares traded across the equities market on Wednesday.

GTCO’s N4.57 billion turnover was also more than seven times the N629.72 million recorded by Access Holdings, the other major banking stock among the five most actively traded equities.

The heavy value of GTCO transactions came during a weaker session for the broader market with both trading volume and value declining from the previous day.

Total trading value fell 24.9% to N22.83 billion from N30.39 billion on Tuesday, while trading volume dropped 23.3% to 418.35 million shares from 545.30 million shares.

The NGX All-Share Index also declined for a second consecutive session, falling 0.18% to 251,861.24, while equity market capitalisation dropped by approximately N293.43 billion to N163.531 trillion.

Despite the broader slowdown in market activity, GTCO’s N4.57 billion turnover showed that substantial investor activity remained concentrated in the banking group during Wednesday’s trading session.