TD Waterhouse Share Dealing Customers Turn To Property And Commodities
13 November 2009 / by Rebecca Sargent
TD Waterhouse share dealing customers turned to property and commodity stocks to build their portfolios last week, as the property, energy, and mining sectors proved to be most popular.
Buys remained 12 per cent ahead of sells this week, as investors looked to stock up last week. Popular companies included oil and gas producer Afren, who made an appearance in the TD Waterhouse top ten tables.
Meanwhile, gold miner Randgold Resources crept into tenth place of the top ten sells. Angus Rigby, chief executive officer at TD Waterhouse said: “Customers may have been looking to cash in on its recent share price hike.”
Housebuilders have also been making a comeback with investors as news of gradual house price increases floods in. In fact, troubled Taylor Wimpey climbed two places in both tables, reaching fifth and sixth place in the buys and sells respectively.
Mr Rigby comments: “Perhaps our savvy customers were trading this stock more heavily following signs that its business is stabilising as selling prices climb nine per cent higher than July’s average of £163,000.”
Meanwhile, Barratt Developments also appeared in the top ten buys after it received acceptances for 92.3 per cent of its £720million rights issue.
© Fair Investment Company Ltd