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
0.489.09%0.04Buy137.050K729.388M11.900.041009.00Industrials
AFRIPRUD AFRICA PRUDENTIAL REGISTRARS PLC
4.371.86%0.08Strong Buy1.208M8.740B4.990.877.00Financials
ANINO ANINO INTERNATIONAL PLC
0.250.00%0.00Buy0
ARBICO ARBICO PLC
4.790.00%0.00Sell0
AUSTINLAZ AUSTIN LAZ AND CO PLC
2.090.00%0.00Buy02.257B-0.02Consumer Cyclicals
BETAGLAS BETA GLASS PLC
79.009.27%6.70Strong Buy262.090K39.498B7.3010.82639.00Basic Materials
CADBURY CADBURY PLC - NIGERIA
11.504.55%0.50Buy345.696K21.599B26.240.44562.00Consumer Non-Cyclicals
CAP CHEMICAL AND ALLIED PRODUCTS PLC
34.006.92%2.20Strong Buy5.178M23.800B13.522.51225.00Basic Materials
CHELLARAM CHELLARAMS PLC
3.080.00%0.00Sell02.227B-4.35Industrials
CWG COMPUTER WAREHOUSE GROUP PLC
2.540.00%0.00Sell06.413B-0.48612.00Technology
DANGFLOUR DANGOTE FLOUR MILLS PLC
9.45-1.56%-0.15Buy3.299M48.000B9.451.024932.00Consumer Non-Cyclicals
DIAMONDBNK DIAMOND BANK - NIGERIA PLC
2.422.54%0.06Buy20.880M54.659B-0.733299.00Financials
EKOCORP EKOCORP PLC
3.370.00%0.00Buy01.680B-4.42Healthcare
ELLAHLAKES ELLAH LAKES PLC
4.260.00%0.00Buy0
EVANSMED EVANS MEDICAL PLC
0.500.00%0.00Sell0366.257M394.00Healthcare
FORTISMFB FORTIS MICROFINANCE BANK PLC
2.580.00%0.00Sell011.800B110.070.02Financials
GOLDBREW GOLDEN GUINEA BREWERIES PLC
0.890.00%0.00Buy0242.258M588.00Consumer Non-Cyclicals
GOLDINSURE GOLDLINK INSURANCE PLC
0.530.00%0.00Neutral02.411BFinancials
INITSPLC THE INITIATES PLC
0.670.00%0.00Buy530
JOHNHOLT JOHN HOLT PLC
0.480.00%0.00Buy2.370K187.200M0.620.77Financials
JULI JULI PLC
1.670.00%0.00Sell0
MBENEFIT MUTUAL BENEFITS ASSURANCE PLC
0.270.00%0.00Buy340.897K2.160B2.370.11613.00Financials
MORISON MORISON INDUSTRIES PLC
0.550.00%0.00Sell19.687K
NESF NIGERIA ENERGY SECTOR FUND
552.200.00%0.00Buy0
NESTLE NESTLE PLC - NIGERIA
1600.000.00%0.00Buy161.761K1268.250B28.9255.332199.00Consumer Non-Cyclicals
NOTORE NOTORE CHEMICAL IND PLC
62.500.00%0.00Neutral100100.625B-0.09552.00Basic Materials
PREMPAINTS PREMIER PAINTS PLC
10.400.00%0.00Buy1001.279B-0.3557.00Basic Materials
PRESCO PRESCO PLC
75.003.31%2.40Buy170.228K72.600B2.8725.31483.00Consumer Non-Cyclicals
REDSTAREX RED STAR EXPRESS PLC
5.500.00%0.00Buy603.300K3.242B7.730.712065.00Industrials
ROADS ROADS PLC - NIGERIA
6.600.00%0.00Neutral0165.027M323.00Industrials
ROYALEX ROYAL EXCHANGE PLC
0.3310.00%0.03Buy1.985M1.615B-0.18304.00Financials
SKYEBANK SKYE BANK PLC - NIGERIA
0.770.00%0.00Buy010.688B3.850.204408.00Financials
STUDPRESS STUDIO PRESS NIGERIA PLC
1.990.00%0.00Sell01.184B2.850.7051.00Basic Materials
TOURIST TOURIST COMPANY OF NIGERIA PLC
3.500.00%0.00Sell107.863B-1.68484.00Consumer Cyclicals
UHOMREIT UNION HOMES REAL ESTATE INVESTMENT TRUST
45.200.00%0.00Sell0
UNHOMES UNION HOMES SAVINGS AND LOANS PLC
3.020.00%0.00Sell02.951B750.00Financials
UNIONDICON UNION DICON SALT PLC
13.450.00%0.00Sell03.677B-0.25398.00Consumer Non-Cyclicals
VANLEER GREIF NIGERIA PLC
9.100.00%0.00Buy500
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