Guaranty Trust Holding Company made history on Wednesday, by becoming the first banking stock under the Nigerian Exchange Banking Index to trade above the N100 mark.

The stock’s mid-market performance signals strong investor confidence, outpacing peers like Stanbic IBTC Holdings, which hovered near N99 during the same session.

The milestone comes amid a broader rally in the banking sector, with the NGX Banking Index surging over 22% in July.

GTCO shares have already gained more than 27% month-to-date, driven by bullish sentiment surrounding its recent dual listing and strong quarterly earnings.

Last week, GTCO listed 2.29 billion ordinary shares on the London Stock Exchange, followed by the admission of 2.28 billion shares on the Nigerian Exchange the next day.

The dual listing is seen as a strategic move to enhance liquidity and global investor participation.