Wema Bank Plc Share Price Weekly Performance Report (17th April 2026)

As of 17th April, 2026.

Each Major NGX index registered new all- time highs over the week , except NGX Insurance Index as optimism for a near – term to the US -Iran conflict, a stronger than expected earnings season,a renewed wave of optimism in the economy boosted sentiment, while systematic de – risking added further support.

Accordingly, The NGX All -Share Index and Market Capitalization appreciated by 6.57% and 6.60% to close the week at 217,167.57 and N139.827 trillion respectively.

The Financial Services Industry (measured by volume) led the activity chart as usual, while trading in the top three equities namely Sterling Financial Holdings Company PLc, Access Holdings PLC and Zenith Bank PLC (measured by volume), accounted for 1.038 billion shares worth N46.081 billion in 33,067 deals, contributing 28.92% and 23.59% to the total equity turnover volume and value respectively .

Furthermore, trading activities in the banking sector in the week ended 17th April, 2026 ended on a strong bullish note as the sector appreciated in market value by 11.85%.
Except for Jaiz and GTCO banks that lost values all order banks appreciated significantly, most especially ETI, STANBIC, FBNH, ACCESS AND ZENITH.

WEMA BANK SHARE PRICE CHANGES (2ND OF JAN 2026 – 17TH APRIL 2026)
YTD 33.09%
QTD. 4.42%
MTD. 4.42%
WTD. 4.42 %

Wema closed at N27.15 with a share price gain of 4.42% .
Despite the Year to date of 33.09 %, it falls short of YTD % increase in the Banking Index which stands at 49.13%, while ASI stands at 39.56%.

In numerical terms and strength, it is obvious that, Wema bank share price is lagging behind other notable stocks in the sector, despite improved earnings.

The reason is not far fetched, the concentration of about 70% to 75% of the shares are in the hands of very few strategic individuals and corporate investors.

Following from above, a sample of the performance of some listed stocks in the banking sector shows the relativity in price tracking

Securities          Closing price .       52 wk low price        % change

                  (as at 20th April 2026)          

                          #                                    #                   –

WEMA      28.6                              11.5                148.69
 GTCO      129.9                             56.95               128.09
ACCESS    32.85                             19.9                  65.07
FBNH        68                                 23.7                 186.91 
UBA          52                                 31.35                65.86
ZENITH   127.2                              43                   195.8
FIDELITY   22.05                            17.1                 28.94
FCMB        13.2                               8.4                  57.1
ETI           70                                23.5                197.87

From the above analysis, there is need to ramp up the demand side for WEMA before the Annual General Meeting in May 2026 most probably .

The Nigerian equities market extended its strong bullish momentum during the week , with the All Share Index advancing significantly by 6.57 %!WoW , pushing YtD returns to +39.56% , driven primarily by aggressive buying in banking and oil & gas stocks.

CONCLUSION
BUY AND HOLD

Tunde Sobamowo
Financial Advisor & Stockbroker

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Wema-Bank-Share-Price-Weekly-Research-Report-17th-April-2026