The market opened for four trading days this week as the Federal Government declared Friday April 3 and Monday April 6, 2026 as Public Holidays.
Accordingly, the NGX All -Share Index and Market Capitalization appreciated by 0.39% and 0.65% to close the week at 201,698.89 and N129,806 trillion respectively.
Financial Services as usual ( measured by volume) led the activity chart with 1.811 billion shares valued at N61.901 billion traded in 86,818 deals, thus contributing 63.41% and 54.49% to the total equity turnover volume and value respectively.
Accordingly, the trading activities in the banking sector in the week ended 2nd April, 2026 was on a bullish note as the sector appreciated in market value by 0.71% .
However, investor’s sentiments in the week under review for Wema Bank was bearish as it lost 1.13% bringing the year to date price appreciation to 28.43%, a slight dip to the All Share Index with a YTD of 29.62%.
The trading activities in Wema Bank shares saw 322,493,448 units exchanging hands as against previous week’s 635,768,896 units valued at N8.4 billion in 2,605 deals.
We have seen a trend in the trading of the bank’s shares on the floor recently that huge volumes are exchanging hands in the last three weeks but usually at a significant trading price of N26.00 – N26.30
Based on the data from the Wema Bank price trend between (March 30th -2nd April, 2026), we share below the observed trend:
- The highest average trade price was around N27.00 on April 01
- The lowest average trade price was around N25.65 on March 30
- The price started at approximately N26.00 and ended at around N26.65
- Weekly returns at -1.13% while Volatility stands at 1.21%
It is observed that overall, the interplay between elevated volumes at the price trough and the subsequent upward price adjustment points to a stabilization phase transitioning into early recovery.
Nonetheless, the Major Resistance level remains N28.00k .
WEMA BANK PLC – FY FUNDAMENTAL RESEARCH REPORT IN BRIEF HIGHLIGHTS
2025 2024 Changes
(B). (B). 👆/👇
- PBT N221.85 N102.51 (116.4%) Up
- PAT N194.46 N86.29 (125.4%). Up
- G/E N660.59. N432.34 (52.8%). Up
- T/A N5.07t N3.59t (41.5%). Up
- Deposit N3.29t N2.52t (30.3%). Up
- EPS 712k. 483.10k
Proposed Div N1.25 as Against N1.00 in 2024
Strategically, Wema Bank’s performance highlights its emergence as a high – growth mid tier institution with strong digital banking traction and increasing scale , positioning it favorably within the recapitalization framework of the central bank of Nigeria, while its outlook remains constructive on the back of continued earnings momentum and sector tailwinds,albeit with downside risks tied to interest rate normalization, macroeconomic volatility and cost pressures.
In the coming weeks, when all the results of the other major banks are announced, we shall do a special pull out report on the performance of all the banks under one umbrella to provide more information about the financial situation and general performance of Wema Bank with peers as well as the banks with international banking licenses, which Wema bank is expected to grow into the next phase.
CONCLUSION AND OUTLOOK
We observed that the most of the high volume trades were executed at lower price levels which are followed by price recoveries towards the close of the market, may be suggestive of effective absorption of selling pressure and emerging demand reinforcing the view that the stock is building a near – term support base rather than entering a sustained downtrend.
All things being equal and if the stock sustains support above current levels the prevailing setup supports a medium- term bullish bias , with potential for renewed upside towards the N27.50 -N28.00 resistance Zone as momentum gradually rebuilds .
We recommend a buy and hold option for Wema Bank’s shares .
Tunde Sobamowo
FINANCIAL ADVISOR AND STOCKBROKER
Disclaimer
Not financial Advice. Consult your accountant, lawyer before investing.
Wema-Bank-Share-Price-Weekly-Research-Report-2nd-April-2026
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