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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.

            
AIICO AIICO INSURANCE PLC
0.839.21%0.07Strong Buy1.386M1150375.8536.661B5.900.12Finance
BUACEMENT BUA CEMENT PLC
74.500.00%0.00Buy35326298.502522.894B30.452.451001.00Non-Energy Minerals
VITAFOAM VITAFOAM PLC - NIGERIA
21.900.00%0.00Strong Buy2.628K57553.2027.393B5.403.98Process Industries
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