Wema Bank YTD Return Falls Below 98% over Selloffs
Tier-2 lender Wema Bank Plc market value fell over negative investors’ sentiment amidst additional shares listing on the Nigerian Exchange.
The small lender has lost more than 17.27% of its market value in the stock market in the last seven trading sessions. This week, its market price has crashed by 5.56% to N17.
The price retreated as investors traded 13.180 million units valued at N232.583 million; transactions were apparently driven by sell-side actors seeking to ghost Wema Bank.
The sustained sell pressures have reduced Wema Bank’s year-to-date return. MarketForces Africa reported that Wema Bank has delivered best-in-class return on investors to its shareholders in 2025.
The bank’s year-to-date return was 97.8% at the beginning of the week, according to Afrinvest Securities Limited, after a 12.4% price slump last week.
The bank’s return to investors has successively nosedived due to investors taking early exit amidst tightening banking regulations – with the potential to impact earnings.
The sell-offs have further reduced Wema Bank shareholders’ return, as analysts anticipate the third-quarter earnings release would be the next catalysts to drive momentum.
Based on its estimate, Afrinvest Securities Limited is projecting a 12-month target price of N37.70 for the national lender. At the reference price of N18, Afrinvest Securities Limited is seeing 107.1% upside potential in Wema Bank.
Ahead of Nigeria’s independence, Wema Bank listed 14,143,244,747 Ordinary Shares of 50 kobo.Hence, the Nigerian Exchange now valued the bank’s 35.573 billion shares outstanding at N604.748 billion. #Wema Bank YTD Return Falls Below 98% over Selloffs#
