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Banks back on investors’ radars

Banks back on investors’ radars

Category: Investments

Updated: 17/06/2011
First Published: 17/06/2011

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 It is now over 6 months old so the content may be out of date.

Britain's high street banks returned to the thoughts of investors over the past week after the Government decided savers' money should be ring-fenced.

Chancellor George Osborne has decided that banks must separate their retail arms from their investment banking operations, in an attempt to reduce the risk of another financial crisis in the banking sector.

The move caught investors' attention, with Lloyds Banking Group being both the most bought and the most sold stock in the week ending 14 June, according to TD Waterhouse.
It means Lloyds Banking Group has been the most popular pick for four weeks in a row and has moved up from third to first place in terms of being sold.

Royal Bank of Scotland was the fourth most sold stock of the week, moving up from eighth place, and also ranked tenth in terms of buys.

Barclays continued to be the second most bought stock, and re-entered the sales chart in fifth.

"Ahead of George Osborne's speech on the ICB's report, Lloyds Banking Group, Royal Bank of Scotland Group and Barclays accounted for over 40% of both the top ten buys and sells as our customers appeared to anticipate movement in the banking giants' stock prices," said Darren Hepworth, trading and customer services director at TD Waterhouse.

Away from banking, investors increasingly bought stocks in the mining group Xstrata.

Another miner, Berkeley Mineral Resources, also enjoyed extra attention, with investors both buying and selling the stock in high numbers.

Interest also increased in Gulf Keystone Petroleum as news emerged that one of its largest shareholders transferred more than 11 million shares to the company's chief executive, Todd Kozel, last month without his knowledge.

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