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.

           
ABBEYBDS ABBEY BUILDING SOCIETY PLC
0.990.00%0.00Buy44.033K4.158B-0.14Financials
AFRINSURE AFRICAN ALLIANCE INSURANCE CO PLC
0.200.00%0.00Sell04.117B-0.20Financials
ARBICO ARBICO PLC
4.790.00%0.00Sell0
AUSTINLAZ AUSTIN LAZ AND CO PLC
2.090.00%0.00Buy02.257B117.220.02Consumer Cyclicals
BERGER BERGER PAINTS PLC - NIGERIA
7.500.00%0.00Buy2.500K2.174B6.321.19163.00Basic Materials
BOCGAS BOC GASES PLC
6.120.00%0.00Buy611.400K2.547B7.470.82114.00Basic Materials
CHAMPION CHAMPION BREWERY PLC
1.690.00%0.00Buy10013.232B-0.00143.00Consumer Non-Cyclicals
CHELLARAM CHELLARAMS PLC
3.080.00%0.00Buy502.227B-3.84Industrials
CWG COMPUTER WAREHOUSE GROUP PLC
2.540.00%0.00Sell1.417K6.413B-0.44612.00Technology
EKOCORP EKOCORP PLC
3.370.00%0.00Buy01.680B-0.64Healthcare
ENAMELWA NIGERIAN ENAMELWARE CO PLC
22.100.00%0.00Sell01.680B-3.18289.00Basic Materials
FTNCOCOA FTN COCOA PROCESSORS PLC
0.200.00%0.00Sell0440.000M-0.3092.00Consumer Non-Cyclicals
GOLDBREW GOLDEN GUINEA BREWERIES PLC
0.890.00%0.00Strong Buy0892.976M588.00Consumer Non-Cyclicals
MEDVIEWAIR MEDVIEW AIRLINE PLC[BLS]
1.800.00%0.00Buy017.551B-1.26Industrials
MULTIVERSE MULTIVERSE RESOURCES PLC
0.200.00%0.00Sell0852.388M-0.06192.00Basic Materials
NIG_GERMAN NIGERIAN-GERMAN CHEMICALS PLC
3.620.00%0.00Buy0
NOTORE NOTORE CHEMICAL IND PLC[BLS]
62.500.00%0.00Neutral10100.625B-3.21552.00Basic Materials
OMOMORBNK OMOLUABI MORTGAGE BANK PLC[BLS]
0.580.00%0.00Buy04.507B0.02Financials
ROADS ROADS PLC - NIGERIA
6.600.00%0.00Buy0165.108M323.00Industrials
STACO STACO INSURANCE PLC
0.480.00%0.00Buy04.484B-0.09356.00Financials
STUDPRESS STUDIO PRESS NIGERIA PLC
1.990.00%0.00Sell01.184B4.340.4651.00Basic Materials
THOMASWY THOMAS WYATT PLC - NIGERIA
0.420.00%0.00Buy70.000K92.400M-0.2651.00Industrials
TOURIST TOURIST COMPANY OF NIGERIA PLC
3.500.00%0.00Sell07.863B-0.73484.00Consumer Cyclicals
TRANSEXPR TRANS NATIONWIDE EXPRESS PLC
0.770.00%0.00Buy5.000K
VITAFOAM VITAFOAM PLC - NIGERIA
4.290.00%0.00Buy235.117K5.366B4.500.95671.00Basic Materials
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