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Overvalued stocks — Nigerian Stock Market

Stocks that have significantly increased in price due to a large demand are called overbought. This is often the case when there are too many buyers who push the price so high that it can’t be justified by company financials. When sellers start outweighing buyers, the price can change its direction. Another scenario that causes stocks to become overbought is when a company buys back its own stocks. Be careful when buying overvalued stocks as there could be a retracement.

           
AIRTELAFRI AIRTEL AFRICA PLC
410.200.00%0.00Buy7.017K1188.393B14.9927.763363.00Technology Services
BOCGAS BOC GASES PLC
4.400.00%0.00Buy17.177K1.831B7.970.5584.00Process Industries
CADBURY CADBURY PLC - NIGERIA
8.603.61%0.30Strong Buy694.142K16.152B13.750.60Consumer Non-Durables
CONOIL CONOIL PLC
19.059.80%1.70Strong Buy234.674K13.220B9.101.91201.00Energy Minerals
CUSTODIAN CUSTODIAN INVESTMENT PLC
6.0510.00%0.55Strong Buy1.017M35.585B5.241.05362.00Finance
DANGCEM DANGOTE CEMENT PLC
155.302.17%3.30Buy1.185M2646.390B12.4312.2316814.00Non-Energy Minerals
EKOCORP EKOCORP PLC
6.000.00%0.00Buy2.086KHealth Services
ETERNA ETERNA PLC
5.157.07%0.34Strong Buy2.891M6.716B-0.2583.00Energy Minerals
ETI ECOBANK TRANSNATIONAL INC
5.707.55%0.40Buy27.534M102.294B2.162.4614878.00Finance
FCMB FCMB GROUP PLC
2.919.81%0.26Strong Buy9.660M57.626B2.651.003893.00Finance
FIDELITYBK FIDELITY BANK PLC
2.295.05%0.11Buy33.465M66.352B2.390.912933.00Finance
FLOURMILL FLOUR MILLS OF NIGERIA PLC
28.206.42%1.70Buy1.491M114.239B10.382.555027.00Process Industries
IKEJAHOTEL IKEJA HOTEL PLC
1.110.00%0.00Buy5.000K2.307B106.730.01Consumer Services
INTBREW INTERNATIONAL BREWERIES PLC
6.709.84%0.60Strong Buy3.393M179.976B-2.692231.00Consumer Non-Durables
LIVESTOCK LIVESTOCK FEEDS PLC
0.748.82%0.06Strong Buy2.636M2.220B15.490.0475.00Process Industries
MANSARD AXAMANSARD INSURANCE PLC
2.000.00%0.00Strong Buy164.693K20.645B4.540.45Finance
MTNN MTN NIGERIA COMMUNICATIONS PLC
140.000.00%0.00Buy1.122M2849.630B14.469.681870.00Communications
NB NIGERIAN BREWERIES PLC
52.000.00%0.00Buy287.017K415.839B49.671.053102.00Consumer Non-Durables
NEM NEM INSURANCE CO PLC
2.239.85%0.20Strong Buy1.174M11.775BFinance
NESTLE NESTLE PLC - NIGERIA
1292.5010.00%117.50Buy110.901K1024.510B22.5752.062219.00Consumer Non-Durables
OANDO OANDO PLC
2.699.80%0.24Strong Buy6.741M33.441BEnergy Minerals
OKOMUOIL OKOMU OIL PALM CO PLC
80.000.00%0.00Buy56.200K76.313B11.696.84474.00Process Industries
PORTPAINT PORTLAND PAINTS AND PRODUCTS PLC - NIGERIA
2.479.78%0.22Buy138.000K1.960B-0.16Process Industries
PRESCO PRESCO PLC
65.900.00%0.00Buy313.874K65.900B12.245.39Process Industries
SEPLAT SEPLAT PETROLEUM DEVELOPMENT CO PLC
420.000.00%0.00Buy1.938K168.201B18.7923.79Energy Minerals
SKYAVN SKYWAY AVIATION HANDLING COMPANY PLC[BLS]
2.930.00%0.00Buy41.200K3.966B14.030.211537.00Transportation
STANBIC STANBIC IBTC HOLDINGS PLC
45.001.12%0.50Strong Buy1.935M499.770B5.787.822936.00Miscellaneous
STERLNBANK STERLING BANK PLC
1.618.78%0.13Strong Buy15.022M46.352B4.030.372401.00Finance
TOTAL TOTAL PLC - NIGERIA
118.905.97%6.70Buy1.250M40.369B20.955.35Energy Minerals
ZENITHBANK ZENITH BANK PLC
21.500.23%0.05Strong Buy46.663M675.025B3.017.12Finance
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