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Global upheaval influences investors

Global upheaval influences investors

Category: Investments

Updated: 25/02/2011
First Published: 25/02/2011

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 It is now over 6 months old so the content may be out of date.

The upheaval in the Middle East and North Africa has influenced the choices made by investors.

Perhaps eyeing a bargain, shares in mining company Centamin Egypt was the second most bought share in the week to 22 February as its price fell due to employee unrest.

The figures from TD Waterhouse also show that Xstrata – another mining company – took fifth place in the buys table.

Other miners fared slightly better, as investors picked gold as a possible safer alternative to stocks affected by the ongoing unrest.

Central Rand Gold entered the buys in tenth place, its share price closing up at 235p on February 22.

"TD customers' investment outlook appeared to be influenced by the social and political turmoil in the Middle East and North Africa this week as it continued to affect markets," Darren Hepworth, trading and customer services director at the broker, commented.

"The situation in Libya was the latest to cause the FTSE 100 to fall as it closed at 5996.76 on February 22."

Away from the disorder, banks proved popular with investors once more.

Shares in Lloyds Banking Group, Royal Bank of Scotland Group and Barclays accounted for 40% of top ten buys and almost 60% of the sells.

Lloyds was the most purchased stock in the week and the third most sold, while RBS was the exact reverse, coming first in the sells top ten and third in the buys.

Meanwhile, Taylor Wimpey – which has announced that it is to offer first-time buyers 95% loan-to-value mortgages in a new lending partnership with Saffron Building Society – squeezed into the sells table in tenth place.

Two notable entries into the sells table were BP and Tesco, which were the fourth and seventh most laid-off shares respectively.

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