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

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Lloyds dominates stock buys and sells

Lloyds dominates stock buys and sells

Category: Investments

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

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 It is now over 6 months old so the content may be out of date.

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."

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