Wema Bank Stock Gains 340% In 6 Months

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The NGX Banking index is designed to provide an investable benchmark to capture the performance of the banking sector, which comprises the most capitalized and liquid companies in banking. The NGX Banking Index comprises 10 companies.

As of close of business on June 17, 2022, the NGXASI YtD return dipped by 14.03% to +20.28% from +23.59% on June 10 2022.
In terms of total assets and total equity, the 10 banks have combined total assets of N50.914 trillion and total equity of N4.574 trillion as at March 2022 with Access Holdings topping, accounting for 23.0% of the combined total assets and 22.96% of the combined total equity.

WEMA BANK +340%
In terms of year-to-date performance, top on the list is Wema Bank Plc.
Wema Bank is the 35th most traded stock on the NGX over the past three months (March 17 – June 20, 2022). It traded a total volume of 131 million shares in 3,338 deals, valued at N421 million over the period.
Wema Bank is the 38th most valuable stock on the NGX with a market capitalization of N40.8 billion, which is about 0.149% of the NGX equity market.

JAIZ BANK PLC +76.8%
Second on the list is Jaiz Bank Plc with YtD and 1yr return of +76.8 per cent and +68.8% respectively.
The Bank is the 6th most traded stock on the NGX over the past three months (March 17 – June 20 2022), with a total volume of 998 million shares in 3,080 deals valued at N878 million over the period.
FIDELITY BANK +31.37%
Fidelity Bank closed its last trading day, June 20, 2022, at N3.35 per share on the NGX. The stock has accrued 47.58 per cent over the past one-year period, the 3rd best on the NGX Banking Index.

ECOBANK TRANSNATIONAL INC +16.09%
ETI current share price is N10.10.
ETI is the 11th most traded stock on the NGX over the past three months. The bank has N8.193 trillion deposits and N4.784 trillion net loans, ranking it 1st on the NGX banking.
STERLING BANK PLC +3.31%
Sterling Bank Plc closed its last trading day (Monday, June 20, 2022) at N1.56 per share on the NGX.
ACCESS HOLDING PLC +1.08%
Access Holding closed its last trading day (Monday 20, 2022) at N9.40 per share on the NGX.
Year-to-date losers:
UBA (-6.83%)
UBN (-8.47%)
Zenith Bank (-12.52%)
Unity Bank (-12.96%)

-Nairametrics.

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