Wema Bank Plc Share Price Weekly Performance Report (21st August 2026)

We are happy to share you our weekly pager on the Wema Bank Weekly performance report for the week ended 21st August, 2026 for the consideration of the Executive Management

HIGHLIGHTS

WEMA BANK SHARE PERFORMANCE
• Current Price: ₦29.30
• WoW: -1.01% | Opened ₦29.60, Closed ₦29.30
• Weekly Range: High ₦29.30, Low ₦28.70
• YTD: +43.63% | QTD: +12.69% | MTD: +1.03%
• 52-Week Range: ₦14.95 – ₦36.00
• Technical View: Trading range-bound ₦28.0 – ₦30.5. Support holding at ₦28.7. 15-week MA at ₦30.25 is key resistance

VOLUME & TRADING
• Units Traded: 12,074,322 units
• Value: ₦348,793,827.15 in 2,114 deals
• WoW Volume Change: -52.19% from 25.25m units last week
• Highest Volume Price: ₦29.00 with 354,789 units
• Interpretation: Light volume pullback suggests consolidation, not distribution
BANKING SECTOR – WEEK ENDED 21ST AUG 2026
The Banking Index closed -2.92% for the week. No bank gained.

Banking Sector Returns:

1. JAIZBANK: 0.00%
2. ACCESSCORP: -0.18%
3. ETI: -0.36%
4. WEMA: -1.01%
5. FBNH: -7.18%

BROADER MARKET
• NGX All-Share Index: -1.35% to 239,351.16 points
• Market Cap: -1.33% to ₦154.534 trillion
• Market Turnover: 6.242 billion shares worth ₦157.764 billion
• Sector Leaders YTD: Oil/Gas +85.76%, Industrial Goods +82.84%, Banking +63.18%
• Market Context: Corrective phase, down ∼3.7% from Aug 10 peak of 248,530

KEY TAKEAWAY & OUTLOOK
Wema’s -1.0% decline on sharply reduced volume is viewed as relative resilience against a market-wide correction. Support at ₦28.0-₦28.7 has held for 3 weeks.
Recommendation: HOLD
A close above ₦30.25 needed to signal next leg up but we need to ramp up volume in order to achieve this break out .

Tunde Sobamowo
FINANCIAL ADVISOR & STOCKBROKER

DISCLAIMER: Research purposes only .Readers discretion advised.

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