Black gold catches the eye of investors - Investments - News - Moneyfacts

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Black gold catches the eye of investors

Black gold catches the eye of investors

Category: Investments

Updated: 26/04/2012
First Published: 26/04/2012

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 It is now over 6 months old so the content may be out of date.

Investors averted their eyes from the gaze of the banks this week, instead concentrating on oil and gas companies.

Energy stocks soared to the top of the investors' agendas in the week, overtaking the UK 's biggest banks and accounting for almost 60% of top ten trading overall.

There were seven new entries across the buys and sells, mainly from the resources sector, while overall trading among investors increased by nearly 20% in the week ending Monday 23 April.

The overall buy:sell ratio was almost 1.6:1 as the FTSE 100 dropped slightly to close the period at 5,665.57.

"Borders & Southern Petroleum rocketed into first place in both the buys and sells tables this week with the company's share price spiking at 137.16p after speculation that it had made a large discovery at a well south of the Falkland Islands," said Stuart Welch, CEO of TD Direct Investing.

"It seems clients took an interest in activity in the Falklands on the back of Borders' discovery announcement, with Falkland Oil & Gas Ltd appearing as another new entrant to the tables this week, taking fifth and third places in the buys and sells respectively, with a 1.3:1 buy:sell ratio."

Another notable new entrant to the buys market was Tesco, after it announced that it is to invest £1 billion to boost its stores in the UK .

In the previous week, Lloyds, Barclays and Royal Bank of Scotland (RBS) secured a 1-2-3 finish in the buy market.

However, the highest ranked bank in the buys market this week was Barclays, as the fourth most popular option. Lloyds and RBS were the fifth and sixth most popular share buys during the period.

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