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 rebounded, advancing by 1.06%, while the MEP gained 0.80%. Year-to-date, the MEP has returned 29.93% vs the NGX-ASI return of 30.34%.</li><li>The recovery in the market was led by gains in FBNH (+31.52% WoW), MTNN (+7.37% WoW), OANDO (+9.40% WoW), NESTLE (+9.88% WoW) and FLOURMILL (+22.47% WoW).</li><li>However, the absence of FBNH and FLOURMILL in the portfolio as well as the recovery in our underweight position in NESTLE drove the underperformance.</li></ul><p><em>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.</em></p>

Last week, the local bourse rebounded, advancing by 1.06%, while the MEP gained 0.80%. Year-to-date, the MEP has returned 29.93% vs the NGX-ASI return of 30.34%.The recovery in the market was led by gains in FBNH (+31.52% WoW), MTNN (+7.37% WoW), OANDO (+9.40% WoW), NESTLE (+9.88% WoW) and FLOURMILL (+22.47% WoW).However, the absence of FBNH and FLOURMILL in the portfolio as well as the recovery in our underweight position in NESTLE drove the underperformance.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 - 17 September 2024

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MTN Nigeria Communications (MTNN NL)

CardinalStone Research - Model Equity Portfolio - 17 September 2024

Last week, the local bourse rebounded, advancing by 1.06%, while the MEP gained 0.80%. Year-to-date, the MEP has returned 29.93% vs the NGX-ASI...

CardinalStone

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