Nigerian Stock Market
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.
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A
ARDOVA
ARDOVA PLC
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15.50 | 0.00% | 0.00 | Buy | 322.565K | 20.102B | 9.11 | 1.70 | 146.00 | Energy Minerals |
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B
BERGER
BERGER PAINTS PLC - NIGERIA
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7.70 | 0.00% | 0.00 | Buy | 16.798K | 2.232B | 35.50 | 0.22 | 153.00 | Process Industries |
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C
CONOIL
CONOIL PLC
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20.90 | 0.00% | 0.00 | Buy | 7.695K | 14.504B | 8.62 | 2.43 | 198.00 | Energy Minerals |
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C
CUTIX
CUTIX PLC
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2.77 | 0.00% | 0.00 | Buy | 347.145K | 4.879B | 7.81 | 0.35 | — | Producer Manufacturing |
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D
DANGCEM
DANGOTE CEMENT PLC
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230.00 | 0.00% | 0.00 | Buy | 105.656K | 3910.071B | 12.89 | 17.84 | 15478.00 | Non-Energy Minerals |
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M
MCNICHOLS
MCNICHOLS PLC
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0.80 | 0.00% | 0.00 | Buy | 0 | — | — | — | — | Process Industries |
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M
MORISON
MORISON INDUSTRIES PLC
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1.40 | 0.00% | 0.00 | Buy | 1.911K | 1.385B | — | -0.07 | — | Consumer Non-Durables |
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M
MRS
MRS OIL PLC - NIGERIA
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12.60 | 0.00% | 0.00 | Buy | 144 | 3.840B | — | -3.95 | — | Distribution Services |
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N
NB
NIGERIAN BREWERIES PLC
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59.85 | 1.10% | 0.65 | Buy | 556.585K | 473.417B | 49.71 | 1.19 | 2990.00 | Consumer Non-Durables |
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R
REDSTAREX
RED STAR EXPRESS PLC
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3.67 | 0.00% | 0.00 | Buy | 1.820K | 3.400B | — | 0.19 | — | Transportation |
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S
SEPLAT
SEPLAT PETROLEUM DEVELOPMENT CO PLC
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700.00 | 0.00% | 0.00 | Buy | 2.348K | 294.028B | 36.76 | 19.49 | — | Energy Minerals |
TOTAL
TOTAL PLC - NIGERIA
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145.00 | 0.00% | 0.00 | Buy | 13.039K | 49.231B | 9.16 | 15.84 | — | Energy Minerals |
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V
VITAFOAM
VITAFOAM PLC - NIGERIA
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14.25 | 0.00% | 0.00 | Buy | 5.438M | 17.825B | 3.92 | 3.64 | — | Process Industries |
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