TD trades up ahead of a sporting summer

Stuart Welch, CEO, TD Direct Investing comments: "As the summer heat rose throughout the UK, trades were up amongst clients, with a total of six new entrants appearing in this week's top ten trading tables. Whilst Barclays (BARC) remained the top buy for the fourth week in a row, oil and gas trades appeared to be a favourite amongst our clients. Gulf Keystone Petroleum (GKP) accounted for almost a fifth (19.7%) of all sells in a week that saw the company host its AGM, where it announced the results of its appraisal of the Shaikan field in Iraq and news that a non-executive director was stepping down. Meanwhile, TD clients traded at a buy:sell ratio of almost 1.4:1 as the FTSE 100 dropped slightly to close the week ending Monday 23 July at 5533.87.

"Range Resources (RRL) entered the buys and sells tables in fifth and sixth place respectively this week; TD clients traded the stock at a ratio of 1.5:1 following an announcement on Monday (16 July) that the company's Shabeel North Well in Somalia found water rather than oil. Red Emperor Resources NL (RMP) - a co-owner in the well, which is operated by Horn Petroleum Corporation (CVE:HRN) - entered the sells table in second place this week, after its share price fell just over 45% to 10.85p following the announcement.

"Tethys Petroleum Ltd (TPL) was another a new entrant to the buys table taking ninth place following an announcement that the Central Asia-focused oil and gas explorer has upgraded its resource estimates in Tajikistan. The company saw its share price reach a week high of 59.95p following the announcement on Thursday (19 July), with the share price dropping again to finish the period at 37.75p on Monday (23 July)."

The value of your investments can go down as well as up. You may not get back all the funds that you invest.

For more information clients can log on to tddirectinvesting.co.uk.