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Overvalued stocks — South Africa 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.

           
BHP BHP GROUP PLC
41439.00-0.33%-138.00Buy1.053M2102.671B15.4227.06Non-Energy Minerals
CLH CITY LODGE HOTELS LTD
550.001.66%9.00Buy5.741M2.778B9.410.582028.00Consumer Services
CLS CLICKS GROUP LTD
24850.001.27%311.00Buy676.778K58.428B34.587.1114753.00Retail Trade
CSB CASHBUILD LTD
17966.000.95%169.00Buy6.679K4.046B10.6416.726295.00Retail Trade
FBR FAMOUS BRANDS LTD
4772.002.12%99.00Buy189.559K4.682B12.933.62Consumer Services
JBL JUBILEE METALS GROUP PLC
142.00-4.05%-6.00Buy1.247M2.621B10.510.14Non-Energy Minerals
NHM NORTHAM PLATINUM LTD
15400.00-0.17%-26.00Buy1.053M53.972B42.453.6315358.00Non-Energy Minerals
PGR PEREGRINE HOLDINGS LIMITED
2050.000.05%1.00Buy34.852K4.163B15.201.35Finance
PPE PURPLE GROUP LTD
58.000.00%0.00Buy995.563K548.205M-0.00Finance
QLT QUILTER PLC
3390.000.06%2.00Buy3.987M59.979B28.031.234836.00Finance
RBP ROYAL BAFOKENG PLATINUM LTD
6097.004.22%247.00Strong Buy2.596M15.041B14.944.2710087.00Non-Energy Minerals
RMI RAND MERCHANT INV HLDGS LTD
3275.000.31%10.00Buy772.352K49.943B13.272.4637646.00Finance
SHP SHOPRITE HOLDINGS LTD
11921.001.17%138.00Buy1.518M65.118B16.097.49147268.00Retail Trade
TFG THE FOSCHINI GROUP LIMITED
7400.000.00%0.00Buy1.769M19.535B8.049.25Retail Trade
TXT TEXTAINER GROUP HLDGS LTD
19000.007.32%1296.00Buy104.217K9.785B11.2315.81170.00Finance
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