Investors eye retail and banks - Investments - News - Moneyfacts


Investors eye retail and banks

Investors eye retail and banks

Category: Investments

Updated: 27/01/2011
First Published: 27/01/2011

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 It is now over 6 months old so the content may be out of date.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 added a mixture of retail, energy and banking equities to their portfolios in the last week.

Shares in Lloyds Banking Group were the most purchased equities in the week to 25 January, figures from broker TD Waterhouse show.

It was also the third most sold stock, as its share price fell sharply, closing at 63.15p on Tuesday.

"Falling share prices were a theme among the FTSE100 banks as fears grew about their ability to raise capital," said Darren Hepworth, trading and customer services director at TD Waterhouse.

It also proved to be a busy week for investors in the Royal Bank of Scotland (RBS). Shares in RBS were the second most purchased in the week, but also the second most sold.

Meanwhile, Barclays fell out of the top ten buys completely, while dropping from first to fourth in the sells table.

Retail giants Marks & Spencer and Tesco featured heavily in the week, taking the fourth and fifth spots as the most purchased stocks.

It is the second week in succession that Tesco has featured in the top ten buys, falling from the top position last week.

GlaxoSmithKline entered the top buys at number six after it received positive opinion for its epilepsy drug Trobalt.

Shares in BP, Atlantic Coal and Xcite Energy were also much sought after.

EasyJet snuck into tenth place in the buys table, despite the budget airline announcing that first-half losses could be double than expected.

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