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Reading: Wema Bank Leads Trading Value as Nigerian Stock Index Falls 167 Points
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Wema Bank Leads Trading Value as Nigerian Stock Index Falls 167 Points

By
Ogungbayi Feyisola Faesol
ByOgungbayi Feyisola Faesol
Faesol is a journalist at Okaynews.com, reporting on business, technology, and current events with clear, engaging, and timely coverage.
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March 12, 2026 - 1:51 pm
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Lagos, Nigeria – The Nigerian All-Share Index ended trading on March 11, 2026, slightly lower. The index dropped 0.09% to 195,898.5 points, reflecting a 167.6-point decline from 196,066.1.

Okay News reports that daily trading volume fell to 671 million shares, compared with 746 million shares in the previous session. Wema Bank led market value with N2.7 billion worth of shares, while overall market capitalization edged down from N125.8 trillion to N125.7 trillion across 58,792 deals.

Market sentiment remained bearish on March 11. The year-to-date return slipped to 25.86% from 26% in the previous session.

Despite the broader decline, selective buying emerged. NGX Group and Premier Paints gained 10.00% and 9.92%, respectively. On the downside, profit-taking weighed on Presco and UACN, which lost 10% and 9.97%, respectively.

In trading volume, Wema Bank led with 106.3 million shares. Access Holdings followed with 59.02 million, and Mutual Benefit with 38.4 million. Fortis Global and Sterling also saw notable activity with 32.7 million and 30.2 million shares, respectively.

By value, Wema Bank topped turnover at N2.7 billion. Aradel followed with N2.08 billion, Dangote Cement with N1.9 billion, Zenith Bank with N1.7 billion, and MTN with N1.59 billion.

Top gainers included NGX Group up 10.00% to N186.45, Premier Paints up 9.92% to N19.40, and Omatek up 8.95% to N2.80. Top losers included Presco down 10.00% to N2,083.90, UACN down 9.97% to N104.25, and Morison down 9.94% to N10.87.

Among stocks valued above N1 trillion, performance was mixed. International Breweries fell 2%, Nigerian Breweries slipped 1.39%, and Dangote Cement dropped 0.61%. On the gainers’ side, BUA Cement rose 4.44%, Wema Bank added 0.2%, and Lafarge gained 1.7%.

Banking stocks showed mixed performance. UBA fell 0.75%, while Zenith Bank dropped 0.16%. GTCO gained 0.85%, while Access Holdings and First Holdco remained flat.

The market decline could continue if large-cap stocks keep retracing. A renewed wave of buying at major counters may push the index back toward a bullish trend. Technically, the Nigerian Exchange is currently overbought, signaling potential caution for investors.
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