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CardinalStone Research Model Equity Portfolio - 07 July 2025
(Source: CardinalStone Research, Date: 07-Jul-2025)

CardinalStone Research Model Equity Portfolio

Last week, the Nigerian exchange extended its winning streak, with the benchmark index rising 83bps. The MEP gained 49 bps in comparison, underperforming by 47bps. Year to date, the MEP has returned 18.34%, outperforming the ASI's 17.55% YtD return by 79bps.

 

The MEP's underperformance for the week was mainly due to the absence of NB (+5.32%) from our portfolio, along with some small-cap gainers. Our underweight position in ARADEL (+3.01%) also dragged on performance. These offset the gains from our overweight exposure to UBA (+2.97%) and WAPCO (+2.89%).

 

Separately, we have rebalanced the portfolio in line with index weights as of June 30, 2025.

See more here


Regards,


CardinalStone Research

research@cardinalstone.com

CardinalStone Research 

Lagos Office: 5 Okotie Eboh Street 

                       South-West Ikoyi, Lagos

                       Nigeria



Abuja Office: 4 Misratah Street

                       Wuse II, Abuja, Nigeria

Tel:                 +234(1) 7100433, 7100434

Email:            research@cardinalstone.com 

Website:       www.cardinalstone.com   

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CardinalStone Research Model Equity Portfolio - 07 July 2025

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