Domestic equities outperformed global peers in the review month, delivering a 4.8% MoM gain. The strong earnings results of bellwethers like MTNN and BUAFOODS may have notably impacted market performance. We also note the positive contribution of the Oil & Gas sector (+16.0% MoM), which may have benefitted from improvements in crude oil production (+19.8% MoM to 1.6 million barrels per day) and proactive positioning to benefit from the potential impact of higher PMS prices on downstream players.
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CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer
The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
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