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Banks dominate trading in busy week

Banks dominate trading in busy week

Category: Investments

Updated: 01/07/2011
First Published: 01/07/2011

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This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The UK 's major banking groups dominated trading in the last week, in what proved to be busy seven days.

Figures from TD Waterhouse show that Lloyds Banking Group, Barclays and Royal Bank of Scotland Group all featured prominently in the top ten buys and sells table in the week ending Tuesday 28 June.

"Customer trading was up across the board in the week, with a near 30% rise in the combined number of top ten buys and sells on last week," said Darren Hepworth, trading and customer services director, TD Waterhouse.

Lloyds Banking Group was both the most bought and sold stock in the week, accounting for nearly one in five of all sells.

It is the third week in succession that the banking group has topped the buys table, although it will be interesting to see the effect that yesterday's announcement that it is to cut another 15,000 jobs will have on investors.

Barclays and Royal Bank of Scotland Group were the second and third most purchased stocks in the week, while they were also the fifth and fourth most sold stocks respectively.

"Trading was up across the board in the week ending Tuesday 28 June, with a near 30% rise in the combined number of top ten buys and sells on last week," added Mr Hepworth.

"Financial, oil, mining and technology sectors were all represented, however there was a familiar look at the top of the buys table as Lloyds Banking Group, Barclays and Royal Bank of Scotland Group took first, second and third places, respectively."

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