External broker reports(aggregated public sources), CardinalStone

CardinalStone

External broker reports(aggregated public sources)

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing. Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

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<ul><li>Last week, the NGX closed on a positive note, with the ASI gaining 0.56% WoW to settle at 244,738.74 points.</li><li>In comparison, the MEP gained 1.03% WoW, outperforming the ASI by 47bps.</li><li>YtD, the MEP's return of 61.86% is 459bps ahead of the ASI’s return of 57.27%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Last week, the NGX closed on a positive note, with the ASI gaining 0.56% WoW to settle at 244,738.74 points.In comparison, the MEP gained 1.03% WoW, outperforming the ASI by 47bps.YtD, the MEP's return of 61.86% is 459bps ahead of the ASI’s return of 57.27%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CardinalStone Research - Model Equity Portfolio - 15 June 2026

<ul><li>In the holiday-shortened week, the NGXASI closed on a positive note, returning 0.27% WoW to settle at 250,385.47 points.</li><li>In comparison, the MEP gained 0.31% WoW, outperforming the ASI by 5bps.</li><li>Similarly, the MEP’s YtD return of 65.70% outpaces the benchmark’s 60.90% by 480bps.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In the holiday-shortened week, the NGXASI closed on a positive note, returning 0.27% WoW to settle at 250,385.47 points.In comparison, the MEP gained 0.31% WoW, outperforming the ASI by 5bps.Similarly, the MEP’s YtD return of 65.70% outpaces the benchmark’s 60.90% by 480bps.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CardinalStone Research - Model Equity Portfolio - 1 June 2026

<ul><li>The local bourse closed the week on a bearish note, with the benchmark index losing 0.25% WoW to settle at 249,712.37 points.</li><li>On the other hand, the MEP lost 0.15% WoW, outperforming the NGXASI by 10bps.</li><li>Year-to-date, the MEP has delivered a 65.17% YtD return, outperforming the NGXASI’s 60.47% return by 4.70%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The local bourse closed the week on a bearish note, with the benchmark index losing 0.25% WoW to settle at 249,712.37 points.On the other hand, the MEP lost 0.15% WoW, outperforming the NGXASI by 10bps.Year-to-date, the MEP has delivered a 65.17% YtD return, outperforming the NGXASI’s 60.47% return by 4.70%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CardinalStone Research - Model Equity Portfolio - 25 May 2026

<ul><li>The local bourse maintained its weekly winning streak, with the benchmark index gaining 2.27% WoW to settle at 250,330.92 points.</li><li>The MEP gained 2.01% WoW; however, it underperformed the NGXASI by 26bps.</li><li>The MEP now has a 65.42% YtD return, outperforming the NGXASI’s 60.87% by 4.56%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The local bourse maintained its weekly winning streak, with the benchmark index gaining 2.27% WoW to settle at 250,330.92 points.The MEP gained 2.01% WoW; however, it underperformed the NGXASI by 26bps.The MEP now has a 65.42% YtD return, outperforming the NGXASI’s 60.87% by 4.56%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CardinalStone Research - Model Equity Portfolio -  18 May 2026

<ul><li>Last week, the equities market sustained its upward momentum, with the benchmark index rising 1.03% WoW to settle at 244,775.83 points.</li><li>The MEP gained 0.10% simultaneously, underperforming the ASI by 93bps.</li><li>On a YtD basis, the MEP’s total return of 62.13% still leads the NGXASI’s 57.30% by 484bps</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Last week, the equities market sustained its upward momentum, with the benchmark index rising 1.03% WoW to settle at 244,775.83 points.The MEP gained 0.10% simultaneously, underperforming the ASI by 93bps.On a YtD basis, the MEP’s total return of 62.13% still leads the NGXASI’s 57.30% by 484bpsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CardinalStone Research - Model Equity Portfolio - 11 May 2026

United Kingdom

Airtel Africa Plc provides telecommunications and mobile money services across 14 countries in Africa, primarily in East, Central, and West Africa. The company offers a range of services including prepaid and postpaid wireless voice, 2G, 3G, 4G, and 5G data services, mobile money, international roaming, and fixed-line telephony. It is headquartered in London, England, and was founded on June 8, 2010.

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Airtel Africa (AAF LN)

CardinalStone Research - Model Equity Portfolio - 15 June 2026

Last week, the NGX closed on a positive note, with the ASI gaining 0.56% WoW to settle at 244,738.74 points. In comparison, the MEP gained 1.03%...

CardinalStone

CardinalStone Research - Model Equity Portfolio - 1 June 2026

In the holiday-shortened week, the NGXASI closed on a positive note, returning 0.27% WoW to settle at 250,385.47 points.In comparison, the MEP...

CardinalStone

CardinalStone Research - Model Equity Portfolio - 25 May 2026

The local bourse closed the week on a bearish note, with the benchmark index losing 0.25% WoW to settle at 249,712.37 points.

CardinalStone

CardinalStone Research - Model Equity Portfolio - 18 May 2026

The local bourse maintained its weekly winning streak, with the benchmark index gaining 2.27% WoW to settle at 250,330.92 points.

CardinalStone

CardinalStone Research - Model Equity Portfolio - 11 May 2026

Last week, the equities market sustained its upward momentum, with the benchmark index rising 1.03% WoW to settle at 244,775.83 points.

CardinalStone

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