TD clients buy and sell Yell and energise over Xcite

Stuart Welch, CEO, TD Direct Investing comments: "Xcite Energy Ltd (XEL) appeared to live up to its name this week, as TD clients traded heavily in the oil and gas explorer, which accounted for 14% of the top ten most popular buys and 19% of the sells. Xcite reported an increase in net losses for the first three months of 2012 compared to the same period a year ago, with the company's share price falling to finish the week ending Monday, 28 May at 90.75p. Meanwhile, the overall buy:sell ratio among our clients finished the week at 1.3:1, as the FTSE 100 increased slightly to close the period at 5356.34.

"Yell Group Plc (YELL) was a new entry to both the buys and sells table this week, with a buy:sell ratio of approx. 2.7:1, as it appeared our clients looked to take advantage of the company's falling share price. Shares in the Yellow Pages' owner dropped almost 27% in value following its announcement of a £1.42 billion full year loss and that current net debt stood at £2.2 billion. The company also announced that it would change its name to hibu Plc, and finished in seventh and 10th places in the buys and sells respectively.

"Meanwhile, new entrant Vodafone Group Plc (VOD) took eighth position in the sells after the company announced on Tuesday (22 May) that net profit fell 13% to £6.96 billion for the year ended March 31. Despite the news, Vodafone's share price was up nearly 5% to 173.5p in the week ending Monday, 28 May, with TD clients appearing to cash in."

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