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INVESTMENT SNAPSHOT MetricPositionClosing Price₦32.00Weekly Performance+5.26%YTD Performance+56.86%52-Week Range₦16.45 – ₦36.00Key Support₦30.00Next Resistance₦32.00 – ₦34.00Major Resistance₦36.00 INVESTMENT CASE Wema Bank enters the final part of September with a materially stronger technical profile. The share price advanced 5.26% during the week to ₦32.00, following a further gain in the preceding week, taking the two-week appreciation to approximately 8.1%. The most significant development is the decisive move above the ₦30.00 level, which had previously acted as resistance. T...

EXECUTIVE SUMMARY: Kindly find below the summary of the weekly report for the records and your kind attention. Price Performance: Resilient Outlier in a Bearish MarketWema Bank closed the week at N30.40k (Latest Price N30.30k), recording a gain of +2.70% week-to-date, extending Year-to-Date appreciation to +49.02%. The stock traded within N28.55 - N30.40 during the week, decisively breaking above the N30.00 - N30.50 resistance band that had capped price action for six consecutive weeks. In contrast, the broader market was bearish. The NGX All-Share Index declined by -1.60% to 243,0...