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Investors capitalise on market volatility

Investors capitalise on market volatility

Category: Investments

Updated: 01/04/2011
First Published: 01/04/2011

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 It is now over 6 months old so the content may be out of date.

Investors traded a mix of banking, retail and energy stocks and shares in the week ending 29 March as a month characterised by upheaval in the markets came to an end.

The month saw trading continue against a backdrop of continuing unrest in the Middle East, the Japanese earthquake and tsunami, and the Chancellor of the Exchequer George Osborne delivering the Budget.

Data from TD Waterhouse suggest that investors saw this week as a good opportunity to sink their funds into retail stocks, as J Sainsbury entered the top ten buys in tenth position.

Last week, the supermarket giant's CEO Justin King announced it has missed some of its targets in recent months.

"As a result Sainsbury's share price dropped nearly 25p from the previous day's closing price to a low of 330.60p," said Darren Hepworth, trading and customer services director at TD Waterhouse.

"King's accompanying comments on customers being even more downbeat now than they were at the start of the credit crunch will do nothing to cheer the retail sector.

"The potential knock-on effect of Sainsbury's announcement saw fellow supermarket giant Tesco Plc also reappear in the top ten buys table (in seventh place)."

While mining and energy companies helped buoy the FTSE in the week, the banks gave cause for concern, especially given rising debt levels across Europe.

There was much activity around the stocks and shares of Lloyds Banking Group, as it took top spot in both the buys and sells tables in the week.

Barclays also appeared in both, occupying the ninth and tenth spot in the buys and sells respectively.

In addition, Royal Bank of Scotland Group was the sixth most sold stock in the week, experiencing a rare week out of the most purchased shares.

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