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>Last week, the NGX traded bearish, with the ASI declining by 3.59% WoW to settle at 235,941.27 points.</li><li>In comparison, the MEP lost 3.93% WoW, underperforming the ASI by 34bps.</li><li>Notwithstanding, the MEP’s YTD return of 55.42% remains 380bps ahead of the ASI’s 51.62% YTD return.</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 NGX traded bearish, with the ASI declining by 3.59% WoW to settle at 235,941.27 points.In comparison, the MEP lost 3.93% WoW, underperforming the ASI by 34bps.Notwithstanding, the MEP’s YTD return of 55.42% remains 380bps ahead of the ASI’s 51.62% YTD 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 - 22 June 2026