Mining sector closes in on banking shares at TD Waterhouse Go compare with our comparison table

Mining sector closes in on banking shares at TD Waterhouse

17 April 2010 / by Lois Avery

Lloyds shares have continued to dominate trading activity at TD Waterhouse this week, despite competition from the mining sector.

Xstrata came out as this week's most heavily traded mining stock at number three, although Lloyds banking Group and Royal Bank of Scotland Group were still ahead in both buys and sells this week keeping the banking shares firmly at the top of the tables.

Whilst retaining its place as the top buy of the week, Lloyds Banking Group also became the top sell as shares in Barclays dropped two places to third in that category.

Angus Rigby, Chief Executive Officer, TD Waterhouse comments: "Buys increased marginally on last week and edged five per cent ahead of sells in the top ten this week. The mining sector helped the FTSE 100 reach its sixth consecutive weekly gain - its longest winning streak in five years.

“Analysts drew light on the 2010 profit forecast, which recommends that mining shares are the most controlled when it comes to economic recovery and growth. Shares were expected to rise following the rising cost of iron ore and coal prices.”

GCM Resources also helped the mining stocks, landing in fourth place in both the top ten buys and sells this week - accounting for 9% overall.

Pharmaceutical company GlaxoSmithKline (GSK) crept into seventh place in this week's top ten buys.

The drug-maker climbed heavily earlier in the week following an announcement by the chairman of the World Health Organisation's Emergency Committee claiming the Swine flu (H1N1) pandemic remains a threat to young adults - GSK is one of the main pharmaceutical companies responsible for producing a vaccine.
 

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