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RBS and Lloyds shares regain popularity at TD Waterhouse

07 September 2009 / by Rebecca Sargent

Shares in Lloyds Banking Group and Royal Bank of Scotland regained favour with TD Waterhouse share dealing customers last week.

In fact, according to TD Waterhouse, banking shares accounted for 56 per cent of share dealing activity, with Royal Bank of Scotland proving the most popular stock claiming 28 per cent of the overall top ten, while Lloyds shares followed closely behind with 21 per cent.

Overall buys were 28 per cent higher than sells as share dealing customers snapped up falling shares. Commenting on the banking sector rally, Angus Rigby, chief executive officer at TD Waterhouse said:

"Customers seemed to have mixed feelings about RBS as buys were just 14 per cent ahead of sells with the banking giant holding the top position of both tables.

"Our customers also traded heavily in Lloyds," he added, "snapping up 14 per cent more buys than sells as the bank considers alternatives to avoid the Government's costly Asset Protection Scheme (APS).

"Shares in the 43 per cent state-owned bank rose slightly on Friday following news that it is mulling over the sale of some of its assets including Scottish Widows and Clerical Medical."

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