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 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

<ul><li>Last week, the NGXASI had a strong outing, gaining 7.33% WoW to settle at 242,277.81 points.</li><li>In a similar fashion, the MEP also gained 7.69% WoW, outperforming the ASI by 36bps.</li><li>The MEP’s YtD return of 61.97% now outpaces the benchmark’s 55.69% by 627bps.</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 NGXASI had a strong outing, gaining 7.33% WoW to settle at 242,277.81 points.In a similar fashion, the MEP also gained 7.69% WoW, outperforming the ASI by 36bps.The MEP’s YtD return of 61.97% now outpaces the benchmark’s 55.69% by 627bps.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 - 04 May 2026

<ul><li>Last week, the NGXASI sustained its bullish momentum, gaining 1.03% WoW to settle at 203,770.42 points.</li><li>In comparison, the MEP gained 1.73% WoW, outperforming the ASI by 71bps. Subsequently, the MEP has returned 34.56% YtD, leading the ASI by 3.61% to settle at 30.95% YtD.</li><li>The MEP’s positive performance was largely driven by our overweight position in GTCO (+10.66% WoW), ZENITH (+8.74% WoW), WAPCO (+6.00% WoW), and SEPLAT (+4.95% WoW). </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 NGXASI sustained its bullish momentum, gaining 1.03% WoW to settle at 203,770.42 points.In comparison, the MEP gained 1.73% WoW, outperforming the ASI by 71bps. Subsequently, the MEP has returned 34.56% YtD, leading the ASI by 3.61% to settle at 30.95% YtD.The MEP’s positive performance was largely driven by our overweight position in GTCO (+10.66% WoW), ZENITH (+8.74% WoW), WAPCO (+6.00% WoW), and SEPLAT (+4.95% WoW). 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 - 13 April 2026

<ul><li>Last week, the NGXASI rebounded, gaining 0.39% WoW to settle at 201,698.89 points. In comparison, the MEP gained 0.67% WoW, outperforming the ASI by 27bps.</li><li>On a YtD basis, the MEP’s return of 32.27% continues to outpace the ASI’s 29.62% return by 265bps</li><li>The MEP’s positive performance could be largely attributed to price upticks in MTNN (+5.85% WoW) and GTCO (+5.08% WoW), where we hold overweight positions. </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 NGXASI rebounded, gaining 0.39% WoW to settle at 201,698.89 points. In comparison, the MEP gained 0.67% WoW, outperforming the ASI by 27bps.On a YtD basis, the MEP’s return of 32.27% continues to outpace the ASI’s 29.62% return by 265bpsThe MEP’s positive performance could be largely attributed to price upticks in MTNN (+5.85% WoW) and GTCO (+5.08% WoW), where we hold overweight positions. 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 April 2026

<ul><li>Last week, the NGXASI snapped its bullish streak, losing 0.12% WoW to settle at 200,913.06 points.</li><li>In comparison, the MEP lost 0.26% WoW, underperforming the ASI by 14bps. However, on a Year-to-date basis, the MEP has returned 31.39%, outperforming the ASI’s 29.11% by 228 bps.</li><li>The MEP’s negative performance last week is attributed to the profit taking observed in ZENITHBANK (-6.36% WoW) and MTNN (-5.28% WoW) where we hold strongly overweight and overweight positions, respectively. </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 NGXASI snapped its bullish streak, losing 0.12% WoW to settle at 200,913.06 points.In comparison, the MEP lost 0.26% WoW, underperforming the ASI by 14bps. However, on a Year-to-date basis, the MEP has returned 31.39%, outperforming the ASI’s 29.11% by 228 bps.The MEP’s negative performance last week is attributed to the profit taking observed in ZENITHBANK (-6.36% WoW) and MTNN (-5.28% WoW) where we hold strongly overweight and overweight positions, respectively. 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 - 30 March 2025

Nigeria

Unilever Nigeria Plc manufactures and markets consumer products primarily in the home, personal care and foods categories. The Company sells products such as Omo washing powder, Key soap, Royco bouillon, Lipton tea, Blue Band margarine, Pears baby care goods, Vaseline petroleum jelly, Lux soap, and Close Up toothpaste.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Unilever Nigeria (UNILEVER NL)

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

CardinalStone Research - Model Equity Portfolio - 04 May 2026

Last week, the NGXASI had a strong outing, gaining 7.33% WoW to settle at 242,277.81 points.In a similar fashion, the MEP also gained 7.69% WoW,...

CardinalStone

CardinalStone Research - Model Equity Portfolio - 13 April 2026

The MEP’s positive performance was largely driven by our overweight position in GTCO (+10.66% WoW), ZENITH (+8.74% WoW), WAPCO (+6.00% WoW), and...

CardinalStone

CardinalStone Research - Model Equity Portfolio - 07 April 2026

Last week, the NGXASI rebounded, gaining 0.39% WoW to settle at 201,698.89 points. In comparison, the MEP gained 0.67% WoW, outperforming the ASI...

CardinalStone

CardinalStone Research - Model Equity Portfolio - 30 March 2025

In comparison, the MEP lost 0.26% WoW, underperforming the ASI by 14bps. However, on a Year-to-date basis, the MEP has returned 31.39%,...

CardinalStone

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)