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Investors turn their focus to energy

Investors turn their focus to energy

Category: Investments

Updated: 30/01/2012
First Published: 30/01/2012

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 It is now over 6 months old so the content may be out of date.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 energy stocks and shares last week, while Tesco retained its position as the most bought equity.

Figures from TD Direct Investing show that customers bought and sold at a ratio of 1:1 as the FTSE 100 finished the week ending Tuesday, 24 January, up nearly 60 points, closing at 5,751.9.

Tesco remained top of the buys table for the second week running, while Lloyds Banking Group returned to the top of the sells.

But it was Leed Petroleum which was the week's highest entrant to the top ten sells table as the oil and gas explorer's share price fluctuated, attracting investors looking for an opportunity.

"Essar Energy was the next highest new entrant into the buys at number seven this week following a court ruling against the company's India focused oil refiner, which means Essar Oil, in which Essar Energy has an 87% stake, can no longer defer the payment of sales tax," said Stuart Welch, CEO of TD Direct Investing.

"Staying with energy, Xcite Energy was this week's highest new entry at eighth in the sells, and it moved up four places to sixth in the buys, as speculation around the expected approval of Xcite's Bentley field development by the Department of Energy and Climate Change continued."

Moving onto financials, Lloyds replaced Royal Bank of Scotland Group at the top of last week's sells table, as RBS fell to third behind second placed Barclays.

Meanwhile, both Lloyds and RBS gained two places in the buys table, finishing the week at second and third respectively.

Barclays, however, dropped to ninth place from last week's eighth, accounting for less than half the number of buy trades compared to its banking counterparts.

Insurance giant Aviva also featured in the sells table, staying in the same fifth spot it featured in the previous week.

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 Any products featured may be withdrawn by their provider or changed at any time.

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