Lloyds shares face competition from the mining sector Go compare with our comparison table

Lloyds shares face competition from the mining sector

09 April 2010 / by Rebecca Sargent

Shares in Lloyds and other banks faced tough competition from the mining sector at TD Waterhouse last week.

The mining sector gained ground at the share dealing house, accounting for 40 per cent of the top ten amid a general rise of 4.6 per cent in the FTSE All-Share mining index last week.

Commenting, Angus Rigby, chief executive officer at TD Waterhouse said: "Spurred on by positive US jobs and manufacturing data over the Easter break, mining stocks have tripled since their lows of December 2008."

In fact, the mining sector has caused banking shares to slip to 50 per cent of overall top ten trades at TD Waterhouse, down from 56 per cent the week before.

Lloyds shares remain top of the buys and sells at TD Waterhouse for now, but Desire Petroleum was the week's most heavily traded mining stock, accounting for 10 per cent of the overall top ten. 

Meanwhile, fund manager Gartmore Group made its debut appearance in the TD Waterhouse top ten after the suspension of its manager Guillaume Rambourg following an investigation into directive trading.

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