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.

Macroeconomics

<ul>
<li>Last week, the bears dominated the bourse as the benchmark index shed 1.19%, while the MEP lost 0.91%, outperforming the market by 28bps.</li>
<li>Year to date, the MEP posts a return of 4.17%, outpacing the ASI’s 3.51% return by 66bps.</li>
<li>
Despite the drag from overweight positions in TRANSCORP (-17.72% WoW), ACCESSCORP (-6.84% WoW), and MTNN (-3.18% WoW), which collectively shaved 80bps off the MEP, our underweight stance in DANGSUGAR (-7.50% WoW), STANBIC (-6.25% WoW), FCMB (-14.15% WoW), and ZENITHBANK (- 1.14%), along with the absence of UCAP (-10.14% WoW), NB (-8.05% WoW), and FBNH (-5.38% WoW), helped mitigate losses and contributed to the MEP’s outperformance against the benchmark index.
</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 bears dominated the bourse as the benchmark index shed 1.19%, while the MEP lost 0.91%, outperforming the market by 28bps.
Year to date, the MEP posts a return of 4.17%, outpacing the ASI’s 3.51% return by 66bps.

Despite the drag from overweight positions in TRANSCORP (-17.72% WoW), ACCESSCORP (-6.84% WoW), and MTNN (-3.18% WoW), which collectively shaved 80bps off the MEP, our underweight stance in DANGSUGAR (-7.50% WoW), STANBIC (-6.25% WoW), FCMB (-14.15% WoW), and ZENITHBANK (- 1.14%), along with the absence of UCAP (-10.14% WoW), NB (-8.05% WoW), and FBNH (-5.38% WoW), helped mitigate losses and contributed to the MEP’s outperformance against the benchmark index.


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.

Cardinal Stone -  Model Equity Portfolio - S3:Ep9