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Banks lead the way for investors

Banks lead the way for investors

Category: Investments

Updated: 10/05/2012
First Published: 10/05/2012

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 banks caught the attention of investors again this week, while oil and gas explorers also featured prominently.

In the week until the 4 May, Barclays and Lloyds Banking Group accounted for almost 46% of all top ten trades as the FTSE 100 dropped slightly to close at 5,655.06.

Barclays was the most bought share in the week, rising from sixth place in the previous week. In total, the banking giant accounted for 1.2% of all buys, figures from TD Direct Investing show.

Lloyds was the third most popular share buy, while the Royal Bank of Scotland (RBS) was the sixth most common share pick.

Other noteworthy entrants in the top ten buys included Aviva which was the tenth most popular equity purchase by investors, accounting for 5.9% of all buys.

The three banks also featured in the sells, with Lloyds the most sold share.

RBS was the second most sold stock, with Barclays featuring in fourth place.

BP was a newcomer from the oil and gas sector in the week, heading straight into second place in the buys table.

The British oil giant has received preliminary approval from a court in New Orleans for settlement with private sector plaintiffs over damages arising from the 2010 oil spill disaster in the Gulf of Mexico.

Bahamas Petroleum Company PLC was another new entrant from the oil and gas sector, appearing in the sells table in tenth.

Its share price dropped to 7.98p at close on Friday (4 May) amid reports that the Bahamian government had rejected the oil explorer's bid to renew its drilling licences.

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