GT bank surpasses N1 trillion during the week, as their Investors gained N1.93 trillion from January to date.

The banking giant, which just received approval from the Central Bank to operate as a financial holding company boasted of 1.5% revenue growth as of June 2020 despite the COVID-19 induced lockdown in the country for most parts of the second quarter.

GT Bank however, recorded a 4.9% decline in profit of N94.3 billion as against N99.1 billion in 2019 half-year. This reflected in the earnings per share as it declined by 5.1% to stand at N3.31. It should be noted that as at the time of writing this article, GT Bank is yet to release its third quarter financial report.

In essence, as these Stock keeps appreciating in value, it shows a sign of the confidence Investors have in them as buying pressure was seen across major listed stocks. This is likely to continue in the short-term as many Investors will look to take their share of the market gain before the end of the year.

Great performance for Dangote Cement and MTN Nigeria as they each hit the N3 trillion market capitalisation mark. For the banking sector, GT bank cro sses 1trillion naira market cap on the stock exchange with Zenith bank taking second place surpassing Access bank.