Lloyds shares continue to buoy trading at TD Waterhouse

11 December 2009 / by Rebecca Sargent

Lloyds Banking Group shares continued to buoy trading at TD Waterhouse this week as the banking sector continued to dominate the top ten buys and sells charts.

Overall, buying continued to be the strategy of choice for TD Waterhouse share dealing customers, as the top ten buys were 17 per cent of top ten sells. Commenting, Angus Rigby, chief executive officer at TD Waterhouse said:

“Banks still dominate the tables accounting for 60 per cent and 68 per cent of the most popular buys and sells respectively.”

Meanwhile, mining stocks continued to prove a popular choice, taking up five spots on the table and accounting for 32 per cent of top ten buys. Mr Rigby adds:

“Indeed, it was a black Monday (7 Dec) for the banks and miners and they dragged the leading London index down 53.3 points to 5,269.06. Banks had come under pressure on investors’ concerns about a windfall tax, which – as it eventually turned out – will not be imposed according to the Chancellor’s Pre-Budget Report.”

The share fallers among the banks on Monday were RBS, which fell to 33.8p, Barclays, dropping to 296.6p, and Lloyds falling to 55.07p, prompting investors to snap up a bargain.

Mr Rigby adds: “Monday also saw mining groups suffer a drop in commodity prices after the dollar strengthened, potentially explaining why mining stocks occupied five places in the buys table this week.”

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