Investors look to banks during debt crisis - Investments - News - Moneyfacts

News

Investors look to banks during debt crisis

Investors look to banks during debt crisis

Category: Investments

Updated: 03/11/2011
First Published: 03/11/2011

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 It is now over 6 months old so the content may be out of date.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 increased the number of stock buys over the last week, looking to invest money in banks despite the backdrop of a debt crisis in the Eurozone.

Figures from TD Waterhouse show that the buy:sell ratio amongst investors was 1.25:1 in the week to Tuesday 1 November, as markets struggled.

The week was dominated by problems in the Eurozone, as ministers looked to thrash out a deal to shore up the Greek economy and stop the crisis spreading to other troubled nations.

Since the meeting, the package has been thrown into doubt after the possibility of the Greeks holding a referendum on the deal was raised.

The FTSE 100 closed the week at 5,415, over 100 points lower than at the same time the week before.

In response, UK investors looked to banks, with three of the biggest financial institutions taking the top three spots in both the buys and sells table.

"Lloyds Banking Group, Barclays, and Royal Bank of Scotland Group, comprised nearly 65% of our overall top ten customer trades this week," said Darren Hepworth, global trading and product director at TD Waterhouse.

As was the case in the previous week, Lloyds Banking Group was the most purchased stock, while Barclays also replicated its performance as the second most popular share trade for the second week in succession.

The Royal Bank of Scotland was both the third most bought and sold stock during the seven days.

And, in a reverse of the buys table, Barclays and Lloyds Banking Group were the first and second most sold stocks respectively in the week.

Aviva also featured in both tables, as the fifth most purchased share and the fourth most sold.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Could it be time to move away from cash?

The state of the savings market is understandably leaving many savers frustrated, particularly older savers who rely on a healthy return to boost their income. That’s why many are looking away from cash and considering the stock market instead.

£54m in Premium Bonds unclaimed on anniversary

Today sees the 60th anniversary of when Premium Bonds first started being sold. A lot has changed since then, with the top prize now standing at £1 million, compared with the £1,000 reward of 60 years ago.

£54m in Premium Bonds unclaimed on anniversary

Today sees the 60th anniversary of when Premium Bonds first started being sold. A lot has changed since then, with the top prize now standing at £1 million, compared with the £1,000 reward of 60 years ago.
 
Close