Banking shares have been dominating at TD Waterhouse share dealing this week, accounting for more than 54 per cent of the top ten trades.
Share dealing customers have been "taking their positions" in the investment arena before the announcement of interim earnings by Lloyds, Barclays and RBS, says Angus Rigby, chief executive officer at TD Waterhouse.
Lloyds took the lead for most traded shares, representing a quarter of the top ten buys and sells, as the bank's stock rose following its positive results which showed a return to profitability and a pre-tax profit of £1.6billion for the first half of 2010 – a big improvement on the £4billion loss reported for the same period last year.
Mr Rigby continued: "Barclays also improved its position in both top tens ahead of its own interim announcement today. The bank reported an increase in profits of 44% to £3.95bn for the first half of the year, the majority (£3.4bn) of which came from its investment arm Barclays Capital."
He added that "All eyes will now be on RBS," which issues its interim report today.
In other sectors, BP was the only non-lender to break into the top three positions, finishing the week as the second most-bought stock at TD Waterhouse share dealing as its shares rose, following the resignation of its CEO Tony Howard and the announcement of its quarterly loss.
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