TD clients bank on banks

Stuart Welch, CEO, TD Direct Investing comments: "The banking sector attracted TD clients' attention this week, with Lloyds Banking Group (LLOY) occupying the top spot on both the top ten TD clients' buys and sells, as it continued to generate attention around its executive bonus schemes. Meanwhile, fellow banking giant Barclays (BARC) took second place in both tables, with a buy:sell ratio of 1:1.2, after last week announcing third quarter losses. The two banks accounted for over a third (39%) of all top ten trades for the week ending Monday 22 October. Meanwhile, the FTSE 100 finished 77.26 points higher than the previous week, closing Monday (22 October) at 5,882.87.

"BP (BP) entered both the TD top ten buys and sells tables in eighth and fifth places respectively, after revealing the sale of its Russian TNK-BP business to Rosneft (ROSN), which will potentially create the world's biggest publicly traded company. TD clients took the opportunity to trade shares in BP, which went up 27.3p over the week from 430.66p to close at 458p on Monday 22 October.

"Solo Oil (SOLO) also entered the TD tables, taking sixth place on the buys and ninth on the sells, further to news it had terminated its three-year, £10 million equity line facility with Dutchess Opportunity Cayman Fund. The oil company also revealed plans to sell its 20% stake in an Indonesian exploration venture, the Citarum PSC. Solo's shares closed up 21p at 54p on Monday 22 October, compared to the same time the previous week."

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.