Share Dealing News Lloyds Shares Maintain Grip On Share Dealing Activity

Written by Editorial Team

Lloyds Banking Group shares have maintained their firm grip on trading activity at TD Waterhouse this week, topping the best buys and sells for the second successive week.

The share dealing house has announced that the top two buys and sells of this week have remained unchanged as Lloyds shares continue to be the most popular with investors – accounting for 28 per cent of trade activity, while Royal Bank of Scotland has retained second spot in both the best buys and sells.

Commenting on Lloyds’ popularity, Angus Rigby, chief executive officer at TD Waterhouse said: “Buys in the banking giant were 79 per cent higher than sells as its shares dropped by 2.41 per cent (1.55p) over the past seven days. On Tuesday the 41 per cent state owned bank revealed its chief executive Eric Daniels will remain in his position for at least another year despite many shareholders blaming him for the ill-fated takeover of HBOS in 2008.”

The banking sector as a whole continues to attract investors as Barclays’ shares held onto to fourth place in the best buys, while they were also the third best selling share.

The share dealing house has also revealed that investors have picked up where they left off this week to continue their buying spree as buys outpaced sells by 30 per cent, compared to 15 per cent last week.

Meanwhile, investors have maintained their interest in the mining and energy sector as buys accounted for 36 per cent of the overall top ten buys as investors “swooped on a fall in shares prices”.

“Shares in the sector fell 1.73 per cent (148p), on the back of disappointing drilling results from Desire Petroleum’s Liz well off the Falkland Islands. More details are expected later this week when the oil explorer releases full results of the programme. Desire leapt to third place (13 per cent) in the buys table as its share price slumped 48.01 per cent (48.25p) over the previous week,” Mr Rigby added.

© Fair Investment Company Ltd