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Shares in resources on investors' agenda at TD Waterhouse Go compare with our comparison table

Shares in resources on investors' agenda at TD Waterhouse

24 September 2010 / by Rachael Stiles

Investors have been targeting resources stocks this week at TD Waterhouse.

Energy and mining companies have taken up seven places on the top ten buys and the top ten sells at TD Waterhouse share dealing, as investors focused heavily on the resources sector.

Overall, resource stock trading was up 78 per cent compared to the previous week, with buys outnumbering sells by three to two.

Gulf Keystone Petroleum was the most traded resources stock at TD Waterhouse share dealing, accounting for the second highest number of buys and third highest sells.

Darren Hepworth, trading and customer services director at TD Waterhouse said this was after "an unconfirmed report claimed that the AIM-listed Iraq-focused oil explorer is looking to graduate to the main market of the London Stock Exchange."

Falklands-focused oil explorers Rockhopper Exploration and Desire Petroleum attracted investors' attention following an announcement by Rockhopper of positive results from its Sea Lion discover well.

Desire Petroleum took third place in the buys and fourth place in the sells, while Rockhopper tool fourth in the buys and fifth in the sells as both companies' share price rose.

BP moved up one place to come fifth in the most buys, dropping from fourth to sixth in the sells, while Encore Oil and Excite Energy also placed in the most traded tables.

Meanwhile, gold prices have continued to reach new heights, trading at $1,273.80 per ounce yesterday, which increased TD Waterhouse customers' interest in mining companies.

Commenting on this week's trading trends, Mr Hepworth said: "While the resources sector dominated trading overall, weakness in the banking sector dragged the UK's benchmark FTSE 100 index to a negative finish on Friday 17 September, with Barclays and Lloyds retaining their positions at the head of the buys and sells respectively."

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