HIGHLIGHTS
All Share -Index (ASI) went up by 1.04%to close at 203,791.18 and Market capitalization appreciated by 1.05%
Market capitalization gained approximately N1.67 trillion !!!!!!!!!!! (N131.166 trillion total market capitalization)
Year to date gains inched up higher to 30.66%
NGX Banking Index was 5.10% WTD
With an impressive YTD score of 33.33%.
NGX Oil/ Gas was 68.34 % YTD, while NGX Industrial Goods Index closed at 55.86%
BANKING SECTOR REVIEW
WTD. 5.10 %
MTD. 8.62 %
YTD. 33.33%
WEMA SHARE PRICE CHANGES (for this Qtr April-June )
YTD 27.45 %
QTD. 0.0%
MTD 0.0%
WTD – 0.76%
Trading activities in the banking sector in the week ended 10th April, 2026 ended on a strong bullish note as the sector appreciated in market value by 5.10% , in contrast to Wema bank share price that lost 0.76% bringing the year to date at 27.45% in price appreciation.
COMPARATIVE ANALYSIS OF YTD APPRECIATION OF KEY SECTORS/ INDICES
ALL SHARE INDEX 30.66%
NGX BANKING. 33.33%
NGX INS 0.54%
NGX CGI. 8.70%
NGX OIL/ GAS. 68.34%
NGX IG. 55.86%
WEMA YTD. 27.45%
It is a bit concerning that Wema bank share price has performed below major indices as well as the banking sector index that it belongs to.
Even though the Volume of shares traded has increased WoW, but that has not had any significant impact on the price, rather it has remained flat or been losing in value as a result of exogenous factors, which we need to do a further deep dive into the trading pattern as indicated below
| Week | Total Volume Traded | Bulk Trades | % of Bulk Volume from Overall Volume | Avg Bulk Price | High Transaction Price Range |
| 9th – 13th March, 2026 | 138,316,201 | 100,000,000 | 72.30% | 26.00 | 26.00 |
| 16th – 20th March, 2026 | 335,150,409 | 299,910,000 | 89.49% | 26.69 | 26.05 – 27.65 |
| 23rd – 27th March, 2026 | 523,818,282 | 500,000,000 | 95.45% | 26.34 | 26.15 – 26.50 |
| 30th March – 2nd April, 2026 | 322,493,448 | 295,454,545 | 91.62% | 26.04 | 26.00 – 26.10 |
| 7th – 10th April, 2026 | 394,665,031 | 358,455,273 | 90.83% | 25.89 | 25.80 – 26.00 |
| Week | Total Trade Value | Bulk Value | % of Bulk Value from Total Value |
| 9th – 13th March, 2026 | 3,589,082,312.00 | 2,590,000,000.00 | 72.16% |
| 16th – 20th March, 2026 | 8,912,368,169.65 | 7,972,655,500.00 | 89.46% |
| 23rd – 27th March, 2026 | 13,783,867,938.75 | 13,158,250,000.00 | 95.46% |
| 30th March – 2nd April, 2026 | 8,398,838,750.15 | 7,689,863,624.50 | 91.56% |
| 7th – 10th April, 2026 | 10,206,254,061.30 | 9,265,491,498.00 | 90.78% |
Reference High Volume Trades
| Date | Qty | Value |
| 04/07/2026 | 80,000,000 | 2,064,000,000.00 |
| 04/07/2026 | 70,000,000 | 1,806,000,000.00 |
| 04/07/2026 | 61,858,000 | 1,595,936,400.00 |
| 04/07/2026 | 59,870,000 | 1,544,646,000.00 |
| 04/08/2026 | 45,454,545 | 1,181,818,170.00 |
| 04/08/2026 | 27,272,728 | 709,090,928.00 |
| 04/08/2026 | 14,000,000 | 364,000,000.00 |
| 03/31/2026 | 90,000,000 | 2,340,000,000.00 |
| 03/31/2026 | 90,000,000 | 2,340,000,000.00 |
| 04/01/2026 | 70,000,000 | 1,823,500,000.00 |
| 04/02/2026 | 45,454,545 | 1,186,363,624.50 |
| 03/24/2026 | 90,000,000 | 2,358,000,000.00 |
| 03/24/2026 | 85,000,000 | 2,222,750,000.00 |
| 03/26/2026 | 80,000,000 | 2,120,000,000.00 |
| 03/25/2026 | 80,000,000 | 2,112,000,000.00 |
| 03/27/2026 | 70,000,000 | 1,841,000,000.00 |
| 03/27/2026 | 55,000,000 | 1,446,500,000.00 |
| 03/26/2026 | 20,000,000 | 530,000,000.00 |
| 03/25/2026 | 20,000,000 | 528,000,000.00 |
| 03/17/2026 | 90,000,000 | 2,344,500,000.00 |
| 03/18/2026 | 80,000,000 | 2,212,000,000.00 |
| 03/17/2026 | 80,000,000 | 2,084,000,000.00 |
| 03/17/2026 | 29,910,000 | 779,155,500.00 |
| 03/18/2026 | 20,000,000 | 553,000,000.00 |
| 03/11/2026 | 90,000,000 | 2,331,000,000.00 |
| 03/11/2026 | 10,000,000 | 259,000,000.00 |
The fallout from the above analysis is quite clear that despite the increased volume of trade , the bulk trade week on week has not been quite representative, but sectional as those big ticket deals form close to 80-90% of the weekly trade as depicted in the analysis above.
We are of the opinion that , even though the review period reflects a mixed stabilizing price pattern against uneven liquidity conditions, as the mean price is in the region of N25.50- N26.00 .
The divergence between relative stable pricing and declining volumes implies that the recent price resilience is not yet supported by broad – based accumulation, thereby signaling a cautious near -term outlook where sustained upside would likely depend on a revival in trading activity and stronger institutional participation .
In Summary, there is need to stimulate demand by improved liquidity,while the broader outlook remains constructive, near – term price action indicates patience is required as the market awaits a clear directional catalyst.
CONCLUSION
BUY AND HOLD
TUNDE SOBAMOWO
FINANCIAL ADVISOR & STOCKBROKER
DISCLAIMER: Not financial advice.
Please consult your accountant, lawyer and Financial Advisor before making any decision to buy or sell any securities.
Wema-Bank-Share-Price-Weekly-Research-Report-10th-April-2026
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