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Investors look to diversify their portfolios

Investors look to diversify their portfolios

Category: Investments

Updated: 20/05/2011
First Published: 20/05/2011

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 It is now over 6 months old so the content may be out of date.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 have looked to splash the cash on a range of different stocks and shares in the last week.

Figures from TD Waterhouse show that investors were keen to diversify their portfolios in the week to Tuesday 17 May.

Customers traded in an array of stocks, including financial, resources, pharmaceuticals and retail, as the FTSE 100 fluctuated both above and below the 6,000 mark, closing the week at 5,861.

Oil and gas firm Sefton Resources shot to the top of both the buys and sells table, after an independent report valued the business at £62 million, leading to a fourfold rise in its share price.

Darren Hepworth, trading and customer services director at the broker, said the appearance at the top of both indexes was 'unprecedented'.

The UK's financial institutions made their usual appearance in both the buys and sells tables.

Barclays and Lloyds Banking Group featured as the third and fourth most purchased equities respectively during the week.

Over the same period, shares in Lloyds were the third most sold, while stock in the Royal Bank of Scotland Group was the seventh most sold.

"Trading activity among the banks accounted for just 20% of the sells and just under that figure (19.3%) for the top ten buys," commented Mr Hepworth.

Well known names BP and Vodafone Group were also on the agenda for investors, accounting for the fifth and seventh most purchased equities in the week, while supermarket giant Tesco was the eighth most sold share.

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