External broker reports(aggregated public sources), CardinalStone

CardinalStone

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.

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)

Nigeria Financials / Thematic (Sector/Industry)

<ul><li>In the holiday-shortened week, the bears dominated the bourse as the benchmark index dipped by 32bps, while the MEP declined by 72bps, underperforming the market by 40bps.</li><li>Year to date, the MEP has returned 1.24%, while the NGX-ASI has returned 1.27%, underperforming by 3bps.</li><li>The MEP's negative performance was largely attributed to a sharp drop in GTCO (-13.24% WoW), which alone dragged the portfolio down by 70bps. </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>

In the holiday-shortened week, the bears dominated the bourse as the benchmark index dipped by 32bps, while the MEP declined by 72bps, underperforming the market by 40bps.Year to date, the MEP has returned 1.24%, while the NGX-ASI has returned 1.27%, underperforming by 3bps.The MEP's negative performance was largely attributed to a sharp drop in GTCO (-13.24% WoW), which alone dragged the portfolio down by 70bps. 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 - 22 April 2025