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>AI disruptions and sectoral rotations Despite declines in the S&amp;P 500 and the NASDAQ, global equities closed the month on a positive note, with the MSCI World Index rising by 0.64% MoM.</li><li>This performance was largely driven by strong gains in Emerging and Frontier Markets, as the MSCI Emerging Markets Index advanced 5.41% MoM while the MSCI Frontier Markets Index (MXFM) gained 2.40%, MoM.</li><li>In the US market, we saw sell-offs, particularly within the tech and AI-linked names, amid concerns over stretched valuations and the sustainability of elevated AI-related capex.</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>

AI disruptions and sectoral rotations Despite declines in the S&amp;P 500 and the NASDAQ, global equities closed the month on a positive note, with the MSCI World Index rising by 0.64% MoM.This performance was largely driven by strong gains in Emerging and Frontier Markets, as the MSCI Emerging Markets Index advanced 5.41% MoM while the MSCI Frontier Markets Index (MXFM) gained 2.40%, MoM.In the US market, we saw sell-offs, particularly within the tech and AI-linked names, amid concerns over stretched valuations and the sustainability of elevated AI-related capex.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.

月次株式アップデート：2026年2月 - 新興市場が大手IT企業の弱さを相殺