wema bank plc weekly share price report

The attached report is very topical and speaks to the essence of Wema Bank as an excellent brand in the banking Sector in Nigeria. Let’s take a step back, to the dark ages, when the bank was gasping for breadth and the share price was at N0.50k per share. Now for those who took the plunge to invest in Wema then ,certainly have more than enough to contend with in terms of incredible growth in value over the years. The bank has consistently been the best performing banking stock in the last two years consecutively at NGX. It is obvious that 2026 , would not be an exception based on the an...

The NGX All -Share Index and Market Capitalization appreciated by 6.16% to close the week at 182,313.08 and N117.027 trillion respectively. Naira Assets seem to be doing better than Low interest dollar holdings. The Fed Government has just announced that the External Reserve has risen to USD 49 billion, the highest in the last eight years. An interplay of reduction in inflation rate , moderation in CPI and potentially higher returns on Treasury bills played out creating liquidity glut in the T-Bill market,with the 364 day bill ended at a stop rate of 20% yield. The subscription level at...