TD Waterhouse customer buys have exceeded sells by 90 per cent this week, ahead of several companies’ AGMs.

The banking sector maintained the top spots in both buys and sells with RBS number one in both catagories and Lloyds Banking Group following. Barclays made number three in buys but dropped to fourth place in sells because of a strong presence from the house building industry.

Taylor Wimpey was third on the list of sells and sixth among the top ten buys following the announcement of the biggest monthly gain in US new-home sales in 47 years. Trading volumes in Barratt Developments (BDEV) also increased on the back of the US new homes data, with Barratt shares featuring as the fifth most-sold stock over the week.

Angus Rigby, chief executive officer, TD Waterhouse comments: “Trading overall increased by 37% in the week ended Tuesday (27th April) and buys also jumped 83% on the previous week as TD Waterhouse customers positioned themselves for the various regulatory announcements.

“Interest in the leading banking stocks remained high with The Royal Bank of Scotland Group and Lloyds Banking Group alone accounting for half of the buy and sell trades for the second consecutive week ahead of RBS’ AGM. Barclays (BARC) featured as the third most-bought stock, and the fourth most-sold, ahead of its own AGM tomorrow.

“Premier Foods entered the top ten buys in ninth position, while Game Group entered the top ten sells after the games retailer announced the resignation of its CEO Lisa Morgan.”

© Fair Investment Company Ltd