Lloyds shares drive trading volumes at TD Waterhouse Go compare with our comparison table

Lloyds shares drive trading volumes at TD Waterhouse

04 December 2009 / by Rebecca Sargent

Lloyds shares pushed trading volumes up by 39 per cent at TD Waterhouse following the launch of its rights issue.

Overall buys were 37 per cent higher than sells at the share dealing company, commenting Angus Rigby, chief executive officer at TD Waterhouse said: "Lloyds Banking Group helped the banking sector claim almost two thirds of this week's top ten after launching its heavily anticipated rights issue.

"Lloyds accounted for 32 per cent of the overall top ten after kicking-off its £13.5billion rights issue by offering its 2.8million private shareholders the opportunity to buy the nil paid rights at a discount of 60 per cent of their value," he added.

In fact, sells of the rights issue accounted for 34 per cent of the total sells in Lloyds' stock.

Meanwhile, TD Waterhouse customers also turned to the mining sector, which accounted for more than a quarter of the top ten buys and sells.

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