TD trades increase in week which sees biggest ever tech IPO
Stuart Welch, CEO, TD Direct Investing comments: "TD client top ten trades increased by 6% in a week which saw Facebook complete its eagerly anticipated IPO.
"Following Facebook's listing on NASDAQ on Friday (18 May), early trading by TD clients in the social media giant peaked at a buy:sell ratio of 6:1 before stabilising at a ratio of 2:1. Shares in Facebook declined during their second and third days of trading and by market close yesterday (22 May) stood at $311.
"Meanwhile, the FTSE 100 has continued to drop amid Eurozone turmoil, finishing the week ending Monday 21 May at 5304.48 as TD clients bought and sold UK stocks at a ratio of 1.8:1.
"Lamprell PLC (LAM), is a new entry in both the buys and sells tables this week with a buy:sell ratio of approx. 2.5:1. The oil and gas contractor's share price tumbled 197p (67.4%) to a low of 95p on Wednesday (16 May) as the company announced it expects to report a small loss in the first six months of the year and forecasted that full year revenues will finish broadly in line with those of 2011 at £690 million.
"Meanwhile, Man Group Plc (EMG) re-entered the sells table in ninth position after its share price fluctuated throughout the week, dropping to 75.4p on Friday (18 May), but rising again to close at 79p on Monday (21 May). The movement followed an announcement that the UK listed hedge fund manager will acquire Financial Risk Management Holdings, a hedge fund research and investment specialist. Man Group Plc said the acquisition should result in annual cost savings of $45 million."
The value of your investments can go down as well as up. You may not get back all the funds that you invest.
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