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, with the benchmark index declining by 33bps, while the MEP lost 68bps, underperforming the market by 35bps.</li><li>Year-to-date, the MEP has returned 34.83%, while the NGX-ASI has returned 30.40%, outperforming by 443bps.</li><li>The MEP’s performance was driven by a decline in our strong overweight in SEPLAT(-6.02% WoW), which dropped the portfolio returns by 75bps, masking gains from our overweight position in WAPCO (+7.41%).</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 bears dominated the bourse, with the benchmark index declining by 33bps, while the MEP lost 68bps, underperforming the market by 35bps.Year-to-date, the MEP has returned 34.83%, while the NGX-ASI has returned 30.40%, outperforming by 443bps.The MEP’s performance was driven by a decline in our strong overweight in SEPLAT(-6.02% WoW), which dropped the portfolio returns by 75bps, masking gains from our overweight position in WAPCO (+7.41%).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 - 2nd December 2024