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Bank shares knocked off top spot by BP and Yell Go compare with our comparison table

Bank shares knocked off top spot by BP and Yell

10 September 2010 / by Rachael Stiles

Banking shares were knocked off the top trading spot at TD Waterhouse share dealing this week by Yell Group and BP.

Trading at TD Waterhouse share dealing increased 59 per cent this week, after its shares were pushed up by rumours that Yell Group, which produces the Yellow Pages and has become indebted, might have found a takeover company.

Yell took the top spot for buys and sixth place for sells, as its shares soared to their highest price since February, increasing 13 per cent in one day.

Commenting on the week's trading, Darren Hepworth, trading and customer services director at TD Waterhouse, said that "The resources sector continues to pique investor interest" with new energy and mining stocks entering the tables this week.

Mr Hepworth continued: "Meanwhile our customers decided to sell out of Rio Tinto (RIO). The Australian mining giant scrambled into tenth place on the sells table after shares fell on the back of weaker demand from China and news that the company had agreed to cut the price it would receive for its iron ore from Japanese steel makers.

"Finally, pharmaceutical giant Glaxosmithkline (GSK) re-entered the sells in ninth having last risen to this position during the week ending 18 August. Trading volumes increased with the recommendation by UK regulators that Glaxo's controversial diabetes drug Avandia should be removed from the UK market, following concerns it can aggravate heart problems in certain users."

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