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
AIRTELAFRI
AIRTEL AFRICA PLC
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348.00 | 0.00% | 0.00 | Buy | 755 | 1034.492B | 9.04 | 38.88 | 3363.00 | Technology Services |
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C
CHAMPION
CHAMPION BREWERY PLC
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0.95 | 0.00% | 0.00 | Buy | 28.500K | 7.438B | 37.85 | 0.03 | 163.00 | Consumer Non-Durables |
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D
DANGCEM
DANGOTE CEMENT PLC
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141.80 | 0.00% | 0.00 | Buy | 419.224K | 2416.340B | 11.60 | 12.23 | 16814.00 | Non-Energy Minerals |
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N
NOTORE
NOTORE CHEMICAL IND PLC[BLS]
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62.50 | 0.00% | 0.00 | Neutral | 89 | 97.732B | — | -4.19 | — | Process Industries |
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O
OKOMUOIL
OKOMU OIL PALM CO PLC
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74.95 | 0.00% | 0.00 | Strong Buy | 140.263K | 71.496B | 10.95 | 6.84 | 474.00 | Process Industries |
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P
PRESCO
PRESCO PLC
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48.00 | 1.16% | 0.55 | Buy | 26.156M | 47.450B | — | 5.39 | — | Process Industries |
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S
STANBIC
STANBIC IBTC HOLDINGS PLC
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31.50 | 5.00% | 1.50 | Buy | 724.892K | 315.150B | 4.22 | 7.11 | 2936.00 | Miscellaneous |
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U
UCAP
UNITED CAPITAL PLC
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2.99 | 0.67% | 0.02 | Buy | 4.246M | 17.880B | 3.43 | 0.87 | — | Finance |
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