Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... LEGENDINT 10.00  ABCTRANS 9.94  CADBURY 9.91  MAYBAKER 9.88  CHAMPION 9.79  HONYFLOUR 8.87  ETERNA 6.50  UACN 6.08  NSLTECH 5.56  IKEJAHOTEL 5.41  NEWGOLD -12.04  MULTIVERSE -9.62  MCNICHOLS -9.47  LIVESTOCK -8.77  VERITASKAP -7.76  JAPAULGOLD -3.77  PZ -3.65  CILEASING -3.28  LASACO -2.73  MTNN -2.15 
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CardinalStone Research Model Equity Portfolio - 28 April 2025
(Source: CardinalStone Research, Date: 28-Apr-2025)

CardinalStone Research Model Equity Portfolio

Last week, the local equities market turned bullish, with the NGXASI advancing by 1.45% WoW. Meanwhile, the MEP appreciated by 0.92%, underperforming the benchmark index by 53bps. Year-to-date, the MEP has gained 2.17%, trailing the ASI's 2.75% return by 57bps.

 

The MEP's underperformance largely stemmed from the absence of INTBREW (+40.00% WoW) in the portfolio and underweight positions in DANGSUGAR (+15.77% WoW) and ETI (+9.40% WoW). These factors offset gains from the portfolio's overweight positions in names like MTNN (+5.58% WoW), GTCO (+6.78% WoW), and UBA (+5.92% WoW).

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Regards,


CardinalStone Research

research@cardinalstone.com

CardinalStone Research 

Lagos Office: 5 Okotie Eboh Street 

                       South-West Ikoyi, Lagos

                       Nigeria



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                       Wuse II, Abuja, Nigeria

Tel:                 +234(1) 7100433, 7100434

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