Bargain hunting investors continue to buy - Investments - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Bargain hunting investors continue to buy

Bargain hunting investors continue to buy

Category: Investments

Updated: 26/08/2011
First Published: 26/08/2011

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 It is now over 6 months old so the content may be out of date.

Bargain seeking investors have been buying stocks in significant volumes as fluctuations continued in markets around the world.

Continuing the trend seen over the past couple of weeks, TD Waterhouse said trading volumes remained high in the week ending 23 August, with investors particularly interested in buying.

Indeed, the ratio in terms of buys to sells of UK equities during the week increased to almost 4:1 with investors feeling there may be bargains to be had.

Barclays, Lloyds Banking Group and Royal Bank of Scotland filled the top three positions in terms of stocks bought during the week, with investors' attraction towards banking showing few signs of abating.

At the same time, the ongoing nerves about the state of the global economy saw gold reach another all-time high on Monday 22 August of $1,911 an ounce.

Despite the yellow metal slipping back to $1,876 an ounce by Tuesday, Centamin Egypt , a mineral exploration and mining company, re-entered the sells table in tenth place.

"Analysts claim the price of gold has increased over the past ten years as investors have chosen to use it as a safe haven," said Darren Hepworth, trading and customer services director at TD Waterhouse.

"However, our customers have sold Centamin Egypt in a week which saw shares in the mining company come under pressure following the Middle East unrest."

Elsewhere, City analysts are predicting a resurgence of interest in technology merger and acquisition activity following Google's proposed $12.5 billion offer for Motorola Motobility.

"In line with predictions, there seems to be a return of interest in technology stocks among our customers," added Mr Hepworth.

Looking for the right investment? Compare investments

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Close