Investors returned to the market after the Christmas period with their minds focussed firmly on resources.
During 2011, banks were consistently the subject of investors' desires but they were knocked from the top positions in terms of buys during the first week of the New Year.
Figures from TD Direct Investing show that oil and mining stocks dominated trading in the week to Tuesday 3 January, accounting for more than half (56%) of the top ten buys and sells in total.
By the end of the week the FTSE 100 reached 5,700 as customer trading began to gain momentum following the Christmas holiday, with a 31% increase in trading on the previous week.
Oil and gas exploration firm Range Resources was the most purchased stock in the week, accounting for just over 23% of top ten buys, having successfully drilled a new well in Trinidad.
In addition, Angel Mining PLC was the second most popular equity during the seven days.
Meanwhile, the banks were pushed down the buys table, with the top positioned bank being Royal Bank of Scotland Group, which was the third most bought stock.
Lloyds Banking Group followed just behind in fourth position, while Barclays was the seventh most popular buy.
Darren Hepworth, global trading and product director, TD Direct Investing, noted: "Banks were pushed firmly down the buys table; though Lloyds, Barclays, and RBS entered 2012 in the top three sell positions respectively."
In the week Tesco made its way into the sells table, featuring in tenth place.
Mr Hepworth said its appearance was the result of a supermarket price war which looks set to continue.
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