Amaechi Raphael Chinedu

@Official_ARC·4h

Dangote Cement ran 33% in three days. Now its results are out

Where we start: on Tuesday the All-Share Index rose 1.07% to a record 253,990.06, and the market is now up 63.22% this year. But only 20 stocks rose while 36 fell. The big story this morning is $DANGCEM The stock went from ₦1,010 last Thursday to ₦1,341.90 on Tuesday, about 33% in three sessions. Its nine-month results landed after that run: • Revenue up 19.6% to ₦3.77trn • Profit after tax up 31.2% to a record ₦974.8bn • Q3 alone: profit after tax up 50.9% to ₦336.3bn • Finance costs down about 58%, and the company swung from ₦682.9bn net debt at the end of 2025 to ₦51.1bn net cash Three things worth watching today: 1. How does the market react? Strong numbers after a big run can go either way. Some of the good news may already be in the price, so watch whether buyers still show up. 2. Banks had a mixed night. $GTCO 's nine-month pre-tax profit slipped 2.3% to ₦879.9bn, and after-tax profit fell 12.2% to ₦614.6bn. Interest expense rose 27.7% and the tax bill rose about 32%. Ecobank also filed its Q3 numbers. 3. Does breadth improve? Two record days in a row came with more losers than gainers. A healthier rally would see more stocks join in. Also: the Dangote Refinery IPO closed last night. Allotment is now being checked, and the listing date hasn't been announced yet. Want to see how today's moves hit your own holdings? Add your portfolio on Gopexly and follow along. Not financial advice, just what's on the radar.