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Investors focus firmly on banks

Investors focus firmly on banks

Category: Investments

Updated: 14/04/2011
First Published: 14/04/2011

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 It is now over 6 months old so the content may be out of date.

Investors have turned their focus firmly to banks in the last week, with buys and sells in Lloyds Banking Group leading the way.

Figures from TD Waterhouse show that investors traded heavily on financial stocks and shares in the week ending on Tuesday 12 April, as the Independent Commission on Banking (ICB) announced its recommendations to help steady the industry.

Lloyds Banking Group was the most purchased share in the week, and also held the dubious honour of being the most sold equity.

It is the third week in succession that Lloyds has taken the top spot in both the buys and sells table.

It is a trend that looks set to continue as the bank is in the mist of a review that may see it split in half to separate the parts of the business that are to be sold.

The Royal Bank of Scotland also featured in both tables. Stocks in the bank were the tenth most purchased in the week and the third most sold.

Barclays was the second most sold stock, but fell out of the top ten buys table.

"Monday's release of the ICB's report on the banking industry and the less-drastic-than-expected nature of its contents boosted Britain's biggest banks this week," said Darren Hepworth, trading and customer services director at TD Waterhouse.

"It appears our customers were waiting to cash in on the news as Lloyds Banking Group, Barclays and Royal Bank of Scotland Group accounted for just under half of our top ten sells this week."

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