Share Dealing News Lloyds Shares Hold Top Spot At TD Waterhouse Throughout Election

Lloyds shares hold top spot at TD Waterhouse throughout election

14 May 2010 / by Lois Avery

Lloyds shares remained the top stock at TD Waterhouse this week as Britain recovers from political uncertainty.

RBS and Barclays also featured in the top three in this week’s buys and Aviva crept into the top ten after releasing its interim management statement.

Trading volumes also increased by 47 percent to record levels on Friday and Monday as TD Waterhouse customers capitalised on the much needed confidence boost given to the markets following the EU’s decision to help bail out Greece from their debt crisist.

Angus Rigby, Chief Executive Officer, TD Waterhouse comments: “While talk of a hung parliament continued to dominate domestic headlines over the past week, buys continued to dominate trading as strength in bank and natural resources stocks helped the FTSE100 recover from lows reached on Friday.

“Lloyds Banking Group, which is part-owned by the British government, was once again the most-bought stock in our top ten as the UK’s political parties continued to manoeuvre following the election.”

Customer interest in oil exploration off the Falkland Islands reignited this week as Rockhopper exploration reported encouraging results from its Sea Lion well in the South Atlantic.

BP shares were the fifth most-bought among the top ten, and the seventh most-sold, as the company continued to work to contain a leak from one of its wells in the Gulf of Mexico, while Xstrata was heavily traded once again amid the ongoing fallout from the Australian government’s announcement to impose increased taxes on mining companies.

© Fair Investment Company Ltd

Written by Editorial Team