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, bullish sentiment prevailed on the exchange, with the benchmark index advancing 11bps, while the MEP gained 17bps, outperforming by 6bps.</li><li>Year-to-date, the MEP has returned 35.75%, while the NGX-ASI has returned 30.83%.</li><li>The MEP’s performance was bolstered by sustained investor interest in WAPCO (+28.57% WoW), with our overweight position in the ticker masking losses from overweight positions in ACCESSCORP (-7.47% WoW), PRESCO (-7.29% WoW) and UBA (-3.29% WoW).</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, bullish sentiment prevailed on the exchange, with the benchmark index advancing 11bps, while the MEP gained 17bps, outperforming by 6bps.Year-to-date, the MEP has returned 35.75%, while the NGX-ASI has returned 30.83%.The MEP’s performance was bolstered by sustained investor interest in WAPCO (+28.57% WoW), with our overweight position in the ticker masking losses from overweight positions in ACCESSCORP (-7.47% WoW), PRESCO (-7.29% WoW) and UBA (-3.29% 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 - 25th November 2024