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Banks remain on investors’ radars

Banks remain on investors’ radars

Category: Investments

Updated: 09/12/2011
First Published: 09/12/2011

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 It is now over 6 months old so the content may be out of date.

Investors continued to monitor the fortunes of some of the UK 's largest banks in the last week, although the number of stocks sold outweighed buys.

Figures from TD Direct Investing show that the number of equity sells outstripped buys by a ratio of 1.6:1 in the week to Tuesday 6 December.

The FTSE 100 finished the seven day period in a stronger position than when it started, hitting 5,568 when the markets closed on Tuesday.

It was Lloyds Banking Group that proved to be the most popular share for buyers during the week, an improvement on the previous week when it was beaten to the top spot in the buys table by Thomas Cook.

Royal Bank of Scotland and Barclays also featured prominently in investors' minds, finishing the week as the fourth and fifth most purchased equities respectively.

The three banks also featured heavily in the sells table; with Barclays the most sold stock in the week.

Lloyds Banking Group and Royal Bank of Scotland were the second and third most sold equities in the period, while Aviva also featured in the table, ending the week in fifth place.

Xcite Energy Ltd was the highest new entry to the tables, taking second place in the buys and sixth in the sells.

The company gave a rig update on Monday (5 December) in which it announced that it will soon start work on its Rowan Norway rig, which will be used to develop the Bentley oil field.

"Xcite's share price lost nearly 32% by close on Tuesday however, dropping to 83.56p from a high of 122.14p last Wednesday (30 November)," said Darren Hepworth, Global Trading and Product Director, TD Direct Investing.

"The drop appeared to give customers reason to both buy and sell the stock."

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