GTB shares rise despite network issues   


July 9 (Lagos) - Shares of GTB ( GTCO ) ( old symbol - GUARANTY ) rose by 0.51% to close the week even as reports emerged that its network was facing issues and people were not able to access the USSD services. 


Apart from the network issues there are also reports of mass resignations at the Bank due to overworked employees. 


Techcabal reported that GTB had the lowest personnel costs during the Covid-19 pandemic and that could be the reason for the bullishness in the stock price today.


If the report is indeed true, then we can expect further boost in stock price while other Banks such as ZENITHBANK and First Bank  ( FBNH ) could lag. 


GTB recently converted into a Bank holding company and its stock symbol changed from GUARANTY to GTCO .
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