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.

Thematic (Sector/Industry)

<ul><li>Last week, the local bourse sustained its positive momentum, with the benchmark index advancing by 4.26%.</li><li>Similarly, the MEP closed positive, rising by 4.99% and outperforming by 73bps.</li><li>Year-to-date, the MEP has delivered a return of 24.24%, ahead of the ASI’s 22.56% return.</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 local bourse sustained its positive momentum, with the benchmark index advancing by 4.26%.Similarly, the MEP closed positive, rising by 4.99% and outperforming by 73bps.Year-to-date, the MEP has delivered a return of 24.24%, ahead of the ASI’s 22.56% return.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 - 14 July 2025

<ul><li>Last week, the Nigerian exchange extended its winning streak, with the benchmark index rising 83bps.</li><li>The MEP gained 49 bps in comparison, underperforming by 47bps.</li><li>Year to date, the MEP has returned 18.34%, outperforming the ASI’s 17.55% YtD return by 79bps.</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 Nigerian exchange extended its winning streak, with the benchmark index rising 83bps.The MEP gained 49 bps in comparison, underperforming by 47bps.Year to date, the MEP has returned 18.34%, outperforming the ASI’s 17.55% YtD return by 79bps.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 - 07 July 2025

<ul><li>Last week, the local bourse sustained its bullish sentiment, with the ASI gaining 1.57% WoW to close at 119,995.76 points.</li><li>In comparison, the MEP gained only 1.49% WoW, underperforming the benchmark index by 8bps.</li><li>The MEP’s YtD return rose to 17.76%, outperforming the ASI’s YtD gain of 16.58% by 118bps.</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 local bourse sustained its bullish sentiment, with the ASI gaining 1.57% WoW to close at 119,995.76 points.In comparison, the MEP gained only 1.49% WoW, underperforming the benchmark index by 8bps.The MEP’s YtD return rose to 17.76%, outperforming the ASI’s YtD gain of 16.58% by 118bps.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 Model Equity Portfolio - S3:Ep25 - 30-06-25

Macroeconomics

<ul><li>Last week, bullish sentiments persisted in the local bourse, with the ASI gaining 2.35% WoW to reach a new high of 118,138.22 points.</li><li>Meanwhile, the MEP gained 3.96% WoW, outperforming by 161bps.</li><li>On a year-to-date basis, the MEP has gained 16.03%, 125bps ahead of the ASI’s 14.78% return.</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, bullish sentiments persisted in the local bourse, with the ASI gaining 2.35% WoW to reach a new high of 118,138.22 points.Meanwhile, the MEP gained 3.96% WoW, outperforming by 161bps.On a year-to-date basis, the MEP has gained 16.03%, 125bps ahead of the ASI’s 14.78% return.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 Model Equity Portfolio - S3:Ep24 - 23-06-25

<ul><li>Last week, the local bourse sustained its upbeat momentum as the ASI reached an all-time high of 114,616.75 points (+2.57% WoW).</li><li>In comparison, the MEP returned 3.43% WoW, outperforming the benchmark index by 86bps.</li><li>However, the MEP’s YtD return of 10.45%, trails the ASI’s YtD gain of 11.36% by 91bps.</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 local bourse sustained its upbeat momentum as the ASI reached an all-time high of 114,616.75 points (+2.57% WoW).In comparison, the MEP returned 3.43% WoW, outperforming the benchmark index by 86bps.However, the MEP’s YtD return of 10.45%, trails the ASI’s YtD gain of 11.36% by 91bps.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 Model Equity Portfolio - S3:Ep22 - 10-06-25

Nigeria

FCMB Group Plc provides financial services including micro-lending, asset management, stock-broking, trusteeship and custodial services, foreign exchange, personal banking, corporate and commercial banking, investment banking and transaction banking products delivering cash, trade and liquidity management solutions to entities.

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FCMB Group (FCMB NL)

CardinalStone Research - Model Equity Portfolio - 14 July 2025

Last week, the local bourse sustained its positive momentum, with the benchmark index advancing by 4.26%.Similarly, the MEP closed positive, rising...

CardinalStone

CardinalStone Research - Model Equity Portfolio - 07 July 2025

Last week, the Nigerian exchange extended its winning streak, with the benchmark index rising 83bps. The MEP gained 49 bps in comparison,...

CardinalStone

CardinalStone Model Equity Portfolio - S3:Ep25 - 30-06-25

Last week, the local bourse sustained its bullish sentiment, with the ASI gaining 1.57% WoW to close at 119,995.76 points. In comparison, the MEP...

CardinalStone

CardinalStone Model Equity Portfolio - S3:Ep24 - 23-06-25

Last week, bullish sentiments persisted in the local bourse, with the ASI gaining 2.35% WoW to reach a new high of 118,138.22 points.

CardinalStone

CardinalStone Model Equity Portfolio - S3:Ep22 - 10-06-25

Last week, the local bourse sustained its upbeat momentum as the ASI reached an all-time high of 114,616.75 points (+2.57% WoW).

CardinalStone

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