Wema Bank Plc Share Price Weekly Performance Report (2nd January, 2026)

The market opened for four trading days this week as the Federal Government declared Thursday January 1, 2026 as Public holiday to commemorate the New Year celebration .

The NGX All -Share Index and Market Capitalization appreciated by 1.92% and 2.9% to close the week at 156,492.36 and N99.938 trillion respectively

Traditionally and over the last 10 or more years , trading activities usually pick up to the new highs in the 1st Qtr of a new financial year .

Quite honestly , i have not been able to put a finger to it , but it is not unconnected with expectations of renewed vigor in the economy as a result of expectations from the President’s New year message to Nigerians as well as other policy pronouncements from other agencies of Government like ,CBN , FIRS , MOF ,Ministry of Budget just to mention a few .
In addition , the quarter provides the opportunity for listed companies to present their scorecards to the investing public and the world at large .

Consequently , trading activities in the banking sector in the week ended 2nd January ,2026 ended bullish as the sector gained 2.9% in market value .

Wema gained 9.19% to close at N20.80 from a low of N18.60 and open of N19.05

Tracking of Wema bank shares has commenced as we start the new financial year the week under consideration .

The trading in Wema Bank Shares saw 123, 795,195 units of shares exchanged hands between buyers and sellers as against previous week’s 17,500,747 units of shares.

It is worth mentioning that the largest trade in volume was a 90,000,000 million units in one single deal at N19.10 at a value of N1,719,000,000.00

It shows clearly that there is still a lot of institutional support for the shares of the bank .

In conclusion , we recommend a hold option as we expect the share price to rally beyond the Major resistance price of N25.00k in the next 3months .

Tunde Sobamowo
Financial Advisor

Global Asset Management (Nig.) Limited.
https://globalasset-ng.com