Lloyds shares remain top buy at TD Waterhouse for 2010

Lloyds shares remain top buy at TD Waterhouse for 2010

10 January 2010 / by Rebecca Sargent

Lloyds shares have held the top spot at TD Waterhouse share dealing over the first few days of 2010.

Banking shares continue to dominate the top buys and sells at the share dealing company, with 64 per cent of the overall top ten trades, with buys just eight per cent ahead of sells.

Commenting, chief executive officer at TD Waterhouse, Angus Rigby said: "Lloyds Banking Group has emerged as the most popular buy in the first few days of 2010 after the black horse placed $5billion of notes in a two-part sale."

Meanwhile, Royal Bank of Scotland also remained popular in second place, as shares in the bank jumped 11 per cent on Tuesday. Mr Rigby adds:

"Shares in the bank jumped 11 per cent on Tuesday and have gained comfort from bullish analyst notes and talk that another bank might buy part of the UK Government's 84 per cent stake."

According to Mr Rigby, analysts believe that the stock was boosted by rumours that the bank has been through the worst, and that its share price could rise this year.

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