Lloyds, RBS and Barclays shares remain top of the trading charts

05 June 2009 / by Rebecca Sargent
Shares in the UK's most talked about banks remained top of the trading charts at TD Waterhouse last week.

Banking stocks in Lloyds, RBS and Barclays claimed 64 per cent of total share dealing activity last week at TD Waterhouse – up from 61 per cent the week before.

Overall however, trading in the week's top ten remained relatively stable, seeing an overall increase of eight per cent last week. Meanwhile banking share buys were almost 10 per cent higher than banking share sells.

Barclays topped both buys and sells; commenting, Angus Rigby, chief executive officer at TD Waterhouse said: "Barclays held the top position with almost a third of top ten trades.

"Our customers may have been looking to take advantage of falling share prices as the banking giant's Abu Dhabi investors sold part of its stake, making a £1.46billion profit.

"PCP Gulf Invest 1 Ltd made a 73 per cent gain after selling its investment, which saved the bank from dipping into the Government's bailout pot seven months ago. However, analysts fear the sell-off could spark a fall in share price," he added.

Meanwhile, house builder Taylor Wimpey reappeared in the top ten traded shares, Mr Rigby said: "The house-builder may have caught our customers' attention after it unveiled plans to raise £500million through heavily discounted shares placing and an open offer to tackle debts in May."

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