Wema Bank Plc’s market value took a hit on Wednesday March 5, 2025, as a wave of sell-offs pushed its share price down by 8.33% to ₦11 on the Nigerian Exchange (NGX).
The decline followed sell recommendations from analysts, who believe the stock has reached its peak after gaining about 31% in 2025 far outpacing the NGX year-to-date return of 3.41%.
The sharp price drop saw Wema Bank’s market capitalization fall to ₦235.73 billion, as 17.8 million shares worth ₦197 million exchanged hands.
Market watchers and analysts advised investors to sell, citing an overvaluation of the stock.