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Investors tempted by banks

Investors tempted by banks

Category: Investments

Updated: 25/05/2012
First Published: 25/05/2012

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 It is now over 6 months old so the content may be out of date.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 looked to banks this week, as trading activity was boosted by Facebook's highly anticipated IPO.

The FTSE 100 fell during the week as ongoing fears about the Eurozone were heightened over the prospect of Greece leaving the euro.

There were also worries over the Spanish banking system, hitting share indexes all over the continent.

Lloyds Banking Group proved to be the most popular share during the week, accounting for almost 15% of all top ten buys, figures from TD Direct Investing show.

Barclays was the third most popular stock pick, while Royal Bank of Scotland Group was sixth in the top ten buys table.

All of the banks also featured in the top ten sells table, with Lloyds the highest as the third most sold stock.

Aviva also featured prominently, as the second most sold equity during the week

Following Facebook's listing on NASDAQ on Friday (18 May), early trading in the social media giant peaked at a buy:sell ratio of 6:1 before stabilising at a ratio of 2:1, figures from TD Direct Investing show.

"Shares in Facebook declined during their second and third days of trading and by market close on Tuesday stood at $31," said Stuart Welch, CEO of TD Direct Investing.

"Meanwhile, the FTSE 100 has continued to drop amid Eurozone turmoil, finishing the week ending Monday 21 May at 5304.48 as TD clients bought and sold UK stocks at a ratio of 1.8:1."

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