Shares in the banking sector topped the trading charts at The Share Centre last week, accounting for 22 per cent of all deals.
According to analysis from the share dealing
experts, investors have been dipping in and out of the banking sector following the announcement of their latest trading updates. Shares
in Barclays, Lloyds Banking Group and RBS came top of the most traded shares list. And, despite a reduced trading window due to the bank holiday, The Share Centre observed an eight per cent increase in all deals, compared to the previous week.
Overall, Royal Bank of Scotland, which announced first quarter losses of £44million last week, was king of trading, making both the most bought and sold share by investors.
Commenting, Graham Spooner, investment
adviser at The Share Centre
, said: "The banking sector continues to have a strong pull for investors, as many hope to make a profit from current share price volatility. In fact, RBS came top of our top buys last week following better than expected results.
"However, with the bank warning it maybe some time before it can stand alone financially, we are advising shareholders to sell," he added.
Barclays and Lloyds shares came a close second and third to those in RBS, Mr Spooner added: "We are currently listing both banks as a short-term sell, advising shareholders to capitalise on both Lloyds' and Barclays' recent strength.
"We maintain our belief that cautious investors should wait for further evidence that the banks are performing well before buying back into the sector."
The results from The Share Centre match those from TD Waterhouse share dealing
, which also found RBS to have the most traded shares last week, accounting for 40 per cent of all buys and 20 per cent of sells. Compare share dealing accounts »
© Fair Investment