TD clients shop for Tesco

Stuart Welch, CEO, TD Direct Investing comments: "Tesco (TSCO) entered the TD top ten buys and sells tables in second and sixth positions respectively this week, as Britain's biggest retailer recorded its first fall in profit in two decades. It accounted for 14% of all top ten trades among TD clients, who bought and sold the stock at a ratio of 3.75:1. Tesco's share price closed at 312.57p week ending Monday 8 October, down from 331.1p at the same time last week. Meanwhile, the FTSE 100 finished 21.25 points higher than the previous week, closing Monday (8 October) at 5841.74.

"FirstGroup (FGP) entered the top ten buys in third position following news that the government has withdrawn the award of the West Coast franchise to the company. TD clients seemed to take the opportunity to buy in a week where FirstGroup's share price fell to a low of 187.75p, losing 20% of its value between close of play last Monday (1 October) and Wednesday (3 October) alone.

"Sound Oil (SOU) was another new entry to the tables this week appearing in seventh on the buys and fifth on the sells with a buy:sell ratio of just over 1:1. The independent oil and gas exploration company's shares increased after it announced drilling had commenced on the Geulis exploration well in Indonesia, in which it has a 20% stake."

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, visit tddirectinvesting.co.uk.