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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AFROMEDIA
AFROMEDIA PLC
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0.50 | 0.00% | 0.00 | Neutral | 60 | 2.220B | 5.90 | 0.08 | — | Consumer Cyclicals |
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AIRSERVICE
AIRLINE SERVICES AND LOGISTICS PLC
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7.05 | 0.00% | 0.00 | Buy | 0 | 4.470B | 3.01 | 2.34 | 504.00 | Industrials |
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ARBICO
ARBICO PLC
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4.79 | 0.00% | 0.00 | Sell | 35 | — | — | — | — | — |
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AUSTINLAZ
AUSTIN LAZ AND CO PLC
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2.09 | 0.00% | 0.00 | Buy | 0 | 2.257B | — | -0.02 | — | Consumer Cyclicals |
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CHAMS
CHAMS PLC
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0.36 | 0.00% | 0.00 | Strong Buy | 13.839M | 1.691B | 4.99 | 0.07 | 33.00 | Technology |
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CHELLARAM
CHELLARAMS PLC
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3.08 | 0.00% | 0.00 | Sell | 0 | 2.227B | — | -4.35 | — | Industrials |
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CWG
COMPUTER WAREHOUSE GROUP PLC
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2.54 | 0.00% | 0.00 | Sell | 0 | 6.413B | — | -0.48 | 612.00 | Technology |
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EKOCORP
EKOCORP PLC
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3.37 | 0.00% | 0.00 | Buy | 15 | 1.680B | — | -0.66 | — | Healthcare |
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ELLAHLAKES
ELLAH LAKES PLC
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4.26 | 0.00% | 0.00 | Buy | 0 | — | — | — | — | — |
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ENAMELWA
NIGERIAN ENAMELWARE CO PLC
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22.10 | 0.00% | 0.00 | Sell | 0 | 1.680B | 158.78 | 0.14 | 289.00 | Basic Materials |
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FIRSTALUM
FIRST ALUMINIUM NIGERIA PLC
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0.41 | 7.89% | 0.03 | Strong Buy | 400.000K | 865.247M | 5.77 | 0.07 | 278.00 | Basic Materials |
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FTNCOCOA
FTN COCOA PROCESSORS PLC
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0.20 | 0.00% | 0.00 | Sell | 0 | 440.000M | — | -0.30 | 92.00 | Consumer Non-Cyclicals |
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GOLDBREW
GOLDEN GUINEA BREWERIES PLC
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0.89 | 0.00% | 0.00 | Buy | 0 | 242.258M | — | — | 588.00 | Consumer Non-Cyclicals |
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INFINITY
INFINITY TRUST MORTGAGE BANK PLC
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1.42 | 0.00% | 0.00 | Sell | 0 | 5.922B | 6.02 | 0.24 | — | Financials |
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INITSPLC
THE INITIATES PLC
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0.80 | 0.00% | 0.00 | Buy | 0 | — | — | — | — | — |
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JULI
JULI PLC
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1.67 | 0.00% | 0.00 | Sell | 0 | — | — | — | — | — |
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LAWUNION
LAW UNION AND ROCK INSURANCE PLC
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0.54 | 0.00% | 0.00 | Buy | 40.000K | 2.320B | 2.89 | 0.19 | 170.00 | Financials |
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MEDVIEWAIR
MEDVIEW AIRLINE PLC
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1.80 | 0.00% | 0.00 | Buy | 0 | 17.551B | — | -1.06 | — | Industrials |
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MORISON
MORISON INDUSTRIES PLC
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0.55 | 0.00% | 0.00 | Neutral | 0 | — | — | — | — | — |
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NOTORE
NOTORE CHEMICAL IND PLC[BLS]
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62.50 | 0.00% | 0.00 | Neutral | 0 | 100.625B | — | -0.09 | 552.00 | Basic Materials |
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PREMPAINTS
PREMIER PAINTS PLC
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10.40 | 0.00% | 0.00 | Buy | 50 | 1.279B | — | -0.56 | 57.00 | Basic Materials |
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REDSTAREX
RED STAR EXPRESS PLC
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5.50 | 0.00% | 0.00 | Buy | 0 | 3.242B | 7.73 | 0.71 | 2065.00 | Industrials |
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STERLNBANK
STERLING BANK PLC
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2.74 | 0.00% | 0.00 | Strong Buy | 8.128M | 78.885B | 8.56 | 0.32 | 1600.00 | Financials |
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STUDPRESS
STUDIO PRESS NIGERIA PLC
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1.99 | 0.00% | 0.00 | Sell | 0 | 1.184B | 4.39 | 0.45 | 51.00 | Basic Materials |
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THOMASWY
THOMAS WYATT PLC - NIGERIA
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0.25 | 0.00% | 0.00 | Buy | 0 | 55.000M | — | -0.61 | 51.00 | Industrials |
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TOURIST
TOURIST COMPANY OF NIGERIA PLC
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3.50 | 0.00% | 0.00 | Sell | 210 | 7.863B | — | -1.68 | 484.00 | Consumer Cyclicals |
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UNIONDICON
UNION DICON SALT PLC
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13.45 | 0.00% | 0.00 | Sell | 0 | 3.677B | — | -0.49 | 398.00 | Consumer Non-Cyclicals |
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VANLEER
GREIF NIGERIA PLC
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9.10 | 0.00% | 0.00 | Buy | 0 | — | — | — | — | — |
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