Share Dealing News Bank Shares Boost Trading At TD Waterhouse

Written by Editorial Team
13 August 2010 / by Lois Avery

Trading at TD Waterhouse doubled this week as investors sought to take advantage of the boosted market.

Following the news that Britain’s biggest banks are back in profit the FTSE 100 traded above 5000, suggesting an increased confidence among investors.

Overall trading jumped 50 per cent with sells outstripping buys and the banks coming in at the top of the table.

Sell trades rose 52.4 per cent, while buys rose 48 per cent – with BP, Royal Bank of Scotland Group and Lloyds Banking Group taking the top three positions in both lists and accounting for 55.5 per cent of the overall top ten trades for the week.

Angus Rigby, Chief Executive Officer, TD Waterhouse said: ” Overall, financial stocks were the dominant sector in this week’s trading activity, with sells increasing across all three banks, although Barclays and RBS also saw an increase in buys. Lloyds held on to pole position in the top ten sells, with sell volumes for Lloyds stock almost double those of the next most-sold stock, RBS.

“Among other financial services companies, Aviva plc (AV) re-entered the top ten buys and top ten sells after the insurer reported a 21% increase in operating profit and said that it expects to generate £1.5 bn of capital this year.”

BP also leapt back to first position in the top ten buys list this week as shares in the oil company continued to climb from their lows reached in late June following the Gulf of Mexico oil spill.

© Fair Investment Company Ltd