TD clients increase trading in run-up to US election

Stuart Welch, CEO, TD Direct Investing comments: "TD's top 10 client trades were up by over two-thirds (66.5%) in the week ending 5 November, as anticipation for the US election resulted in a jumpy period for the FTSE 100. By market close on Monday (5 November) the FTSE finished 44 points up on the previous week at 5,839.06p. Following the news this morning (Wednesday 7 November) that US President Barack Obama has won a second term to serve as President for the next 4 years, the FTSE increased from its opening price of 5,899.50p, to stand at 5,919.13p at 11am.

"The natural gas sector attracted TD clients' attention this week, with BG Group (BG.) entering the tables in first and equal ninth position respectively, accounting for almost a third (31.6%) of the top ten buys alone, with a buy:sell ratio of 7.8:1. The natural gas company saw its share price fall from a high of 1,345p on Wednesday 31 October to close at 1,077p on Monday 5 November as it warned it would not see growth on its oil and gas production next year.

"GlaxoSmithKline plc (GSK) was one of eight new entrants to this week's top 10 tables, entering the buys in fourth position following the release of its third quarter results on Wednesday October 31. Shares in the pharmaceutical company dropped to a week low of 1,349p following the news that sales had fallen a bigger-than-expected 8%, which made it the fourth consecutive quarter in which Britain's biggest drugmaker had missed sales and earnings expectations. The share price recovered to close the period (ending Monday 5 November) at 1384.4p."

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