TD clients focus on financials as Greece revisits polls
Stuart Welch, CEO, TD Direct Investing comments: "As Greek voters returned to the polls, the Eurozone and financial institutions remained in the spotlight, with trading activity in the banking sector among TD clients accounting for almost 50% of all top ten trades this week. For the second week running, Lloyds Banking Group (LLOY) took the top spot in both the buys and sells tables, while the FTSE 100 rose narrowly by 0.22% to close at 5,491.09 on Monday 18 June.
"Although there was no change at the top of our tables, there were six new entries this week, with J Sainsbury Plc (SBRY) entering the top ten buys in joint sixth place, after reporting strong sales in the lead-up to the Diamond Jubilee. Sainsbury's share price rose from a low of 278.70p during the week, to close at 286.56p on Monday 18 June, as it said it had completed 24 million customer transactions (about 2 million more than normal), and seen a 20% increase in online sales during the celebrations.
"The most notable new entry to the sells table this week was Nautical Petroleum Plc (NPE), which arrived in joint eighth place after Scottish oil and gas exploration company Cairn Energy said it was buying the London-based company for approximately £414 million. After the announcement on Wednesday 13 June, Nautical's share price opened up 54.8% on the previous day's closing price of 464.25p, before finishing the week to Monday 18 June, at 460.92p."
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