Lloyds dominates stock buys and sells - Investments - News - Moneyfacts


Lloyds dominates stock buys and sells

Lloyds dominates stock buys and sells

Category: Investments

Updated: 03/06/2011
First Published: 03/06/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Lloyds Banking Group was the dominant stock in the last week, with investors buying and selling stakes in the bank in their droves.

Figures from TD Waterhouse show that shares in the bank were the most purchased and most sold stock in the week to 31 May, with the FTSE 100 climbing above the 6,000 mark briefly after the bank holiday before ending the week at 5,989.99.

Banking heavyweights Barclays and Royal Bank of Scotland also featured prominently, accounting for the second and third most sold stocks respectively, making it a 1-2-3 finish for the banks in the top sells during the week.

Barclays was also the tenth most purchased stock, although this represents a sharp fall from the previous week, when it was the second most popular share amongst investors.

Darren Hepworth, trading and customer services director at the broker, said the prospect of the banks' possible exposure to the troubled Greek economy, and the prospect of a second bail-out package in the country, may have spooked some investors into cashing in their stocks.

Away from the UK 's banks, much of the week's stocks and shares activity focussed on the energy sectors.

"Energy company stocks occupied the next four places in the sells table with Gulf Keystone Petroleum dropping back to fourth, having been last week's most popular sell. It was followed by BP, Range Resources and Xcite Energy in fifth, sixth and seventh places respectively," said Mr Hepworth.

"Two new entrants this week - miners Antofagasta and Xstrata Plc - were eighth and ninth in the sells respectively."

Compare investments with our Investment Fund Supermarket brought to you by Skipton Financial Services.

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 Any products featured may be withdrawn by their provider or changed at any time.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

Pound plummets as FTSE soars

A second significant fall in the pound has taken place. While this drop may be unhappy news for people who are about to go on holiday, it has given the FTSE 100 quite a boost, as it has passed the 7,000 mark for the second time in as many years.

Would you risk the stock market for £400,000?

It’s becoming increasingly difficult to secure decent returns on cash savings these days, yet we all know that investing in cash is the safest option. But would you risk that level of security for the chance of a £400,000 profit?

Don’t be a victim of investment fraud

Low savings rates have led many of us to desperately scour the market in hopes of finding a deal that will pay more. However, this search means that more and more savers are being tempted by unfamiliar investments.