BP shares are still favourite with TD Waterhouse customers with banking shares falling behind this week following a fall in the FTSE.
Investors took advantage of BPs share price keeping it at the top of the table for both buys and sells. The banking groups followed behind after a week of highs and lows in the FTSE knocked their stock.
Barclays topped the banking groups after buys nearly quadrupled last week and Lloyds shares continued to be the most sold stock among TD Waterhouse’s customers.
Angus Rigby, Chief Executive Officer, TD Waterhouse said: "Buy trades increased this week, outnumbering sells by almost two to one, as the FTSE 100's July rally showed signs of flagging after disappointing US banking results and reports of faltering US consumer confidence.
"Once again, TD Waterhouse customers focused most of their trading on banks and energy companies, with BP topping both the buys and sells list as it continued efforts to put an end to the spill in the Gulf of Mexico. The oil major also underwent discussions with Apache, the largest independent oil company in the US by market value, to divest assets in the US, Canada and Egypt.
"Bank buys jumped 44% while sells fell 59%, as UK banking shares fell on weakness in Wall Street and led the decline in the FTSE 100.
Aside from bank and energy company trading, there were also new entries to the top ten buys including Aquarius Platinum, which came in at ninth place and Tesco was the fifth most-bought stock this week after releasing its second quarter earnings and announcing plans to expand its Ireland operations.
Click here for more investment ideas »
© Fair Investment Company Ltd