Lloyds shares remain top buy while Barclays are sell sell sell at TD Waterhouse Go compare with our comparison table

Lloyds shares remain top buy while Barclays are sell sell sell at TD Waterhouse

19 February 2010 / by Rebecca Sargent

Lloyds shares remained top of the buys at TD Waterhouse last week, while Barclays topped the sells as investors cashed in on the recent price hike.

Barclays posted a 92 per cent year on year rise in profits earlier this week, pushing its share price up and prompting share dealing customers to sell. Commenting, Angus Rigby, chief executive officer at TD Waterhouse said:

"Barclays led the top sells with 32 per cent as TD Waterhouse customers cashed in on its 9.29 per cent hike in share price over the past week. Shares jumped 25.80p after the banking giant announced second-half profits had more than doubled on Tuesday, thanks in part to the sale of one of its fund management units.

"Trades in Barclays accounted for 24 per cent of the overall top ten after its profit before tax exceeded market expectations at £11.64billion – an increase of £6.08billion on last year's figure."

Meanwhile, Lloyds Banking Group led the buys, which were 19 per cent ahead of this week's top ten sells, as its share price fell on Friday following confirmation of the bank's plans to issue 3.14 billion new shares.

Mr Rigby adds: "The exchange will reduce the Government stake in the bank from 43 per cent to 41 per cent while the number of outstanding shares will become 67 billion."

The banking sector overall accounted for more than 67 per cent of the top ten buys and sells at TD Waterhouse this week, while Lloyds share trades accounted for 28 per cent.

Last week the bank announced the appointment of Glen Moreno and David Roberts as non-executive directors.

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