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Gulf Keystone is TD customers' number one

1st March 2012 Print

Stuart Welch, CEO, TD Direct Investing comments: "Gulf Keystone Petroleum (GKP) was TD customers' most popular buy and sell trade in the week ending Monday 27 February. The AIM listed oil and gas explorer accounted for over 30% of the top ten buys and nearly 22% of the sells. Our customers, who traded the stock at a ratio of just over 2:1 in favour of buys, saw the FTSE 100 remain above 5,900.00 this week, closing at 5,915.55 on Monday. The buy:sell ratio across our top ten tables overall was 1.5:1.

"RSA Insurance Group (RSA) was this week's highest new entrant to the buys, taking eighth place. The firm announced better than expected figures for 2011 last Thursday (23 February), posting an operating profit of £884m, up 38% on 2010. However, having also announced that it will only raise its dividend by 4%, RSA's share price lost almost 4% by close on Monday, finishing at 108.17p compared to 112.5p the day before the results were announced.

"In the sells, Barratt Development (BDEV) was a notable new entrant in 10th place, reporting last Wednesday (22 February) that it had made a profit of £21.6m for the six months to December 2011. The announcement highlighted a significant turnaround for the company after it had posted a loss of £4.6m for the same period last year. An increase of more than 9p in the homebuilder's share price between close of trading on 21 February and 27 February appeared to encourage our customers to cash in."