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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.

           
ABCTRANS ASSOCIATED BUS COMPANY PLC
0.378.82%0.03Strong Buy225.080K613.349M-0.32Transportation
AFRIPRUD AFRICA PRUDENTIAL REGISTRARS PLC
6.50-0.76%-0.05Buy883.934K13.000B7.950.8291.00Finance
AIRTELAFRI AIRTEL AFRICA PLC
930.000.00%0.00Buy2151748.804B24.1738.48Technology Services
BUACEMENT BUA CEMENT PLC
77.90-0.00%-0.00Buy4.629M2638.040B36.172.151001.00Non-Energy Minerals
CADBURY CADBURY PLC - NIGERIA
8.400.00%0.00Buy18.333K15.777B29.520.28Consumer Non-Durables
CHIPLC CONSOLIDATED HALLMARK INSURANCE PLC
0.498.89%0.04Strong Buy6.247M4.249B5.410.08178.00Finance
FIDSON FIDSON HEALTHCARE PLC
5.280.00%0.00Buy35.859K11.016B6.850.77405.00Health Technology
JOHNHOLT JOHN HOLT PLC
0.590.00%0.00Buy100.000K230.100M-1.39124.00Distribution Services
LIVINGTRUST LIVINGTRUST MORTGAGE BANK PLC
0.680.00%0.00Buy1.100KFinance
MCNICHOLS MCNICHOLS PLC
0.800.00%0.00Buy0Process Industries
NB NIGERIAN BREWERIES PLC
54.800.00%0.00Strong Buy49.112K438.230B46.021.192990.00Consumer Non-Durables
NESTLE NESTLE PLC - NIGERIA
1420.000.00%0.00Buy22.072K1125.570B27.8550.992239.00Consumer Non-Durables
PRESCO PRESCO PLC
78.90-0.00%-0.00Buy16.459K78.900B8.629.15Process Industries
ROYALEX ROYAL EXCHANGE PLC
0.768.57%0.06Strong Buy2.035M3.720B-0.03Finance
SEPLAT SEPLAT PETROLEUM DEVELOPMENT CO PLC
620.000.00%0.00Buy194.970K311.434B32.5619.49Energy Minerals
SKYAVN SKYWAY AVIATION HANDLING COMPANY PLC
3.330.00%0.00Buy60.805K4.507B9.230.361630.00Transportation
TOTAL TOTAL PLC - NIGERIA
145.002.11%3.00Strong Buy427.737K49.231B8.9715.84Energy Minerals
VITAFOAM VITAFOAM PLC - NIGERIA
9.000.00%0.00Buy2.077M11.258B2.483.64Process Industries
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