Wema Bank Falls, Investors Rotate Positions Ahead of Earnings
Wema Bank Plc lost about 5% of its market value in the stock market as investors rotated their positions ahead of the lender’s third quarter of 2025 earnings release.
The bank share price went down by 4.7% to close at N19 last week amidst huge trading volume executed by both buy and sell side investors.
Wema Bank Plc told the market about the completion of its N50 billion special private placements, which has lifted its capital base above N200 billion ahead of the regulatory deadline.
MarketForces Africa recalled that the bank had recently listed additional shares on the Nigerian Exchange amidst shareholders’ profile dilution concerns.
Wema Bank fell to N19, trading at a 24% discount to its highest value in the last 52 weeks in the Nigerian bourse. Investors placed N675.895 billion as the market value of Wema Bank Plc’s 35.573 billion shares outstanding at the close of the trading session.
The market anticipates Wema Bank to release third quarter of 2025 earnings in the coming days in line with the regulatory requirement for listed entities in the local bourse. Geregu: A Resilient Climb Amidst Power Sector’s Headwinds
