Strong FTSE and week of results entices TD clients
Stuart Welch, CEO, TD Direct Investing comments: "Despite this week starting with ‘Blue Monday' - the one day in the year when Brits are said to be feeling most depressed and demotivated - there was encouraging news in the markets with a four and a half year high in the FTSE 100, which closed on Monday up 73.18 points, at 6,180.98. During the week ending Monday 21 January, mining shares accounted for almost 40% (38.2%) of the top ten buys and sells as TD clients seemed to anticipate this week's quarterly results announcements from BHP Billiton plc (BLT) and Anglo American plc (AAL) - however Centamin Plc (CEY) remained our client's favourite mining trade.
"BP (BP.) appears in the top sells, occupying seventh position in the table, as clients appeared to sell the stock in the midst of the raid on the oil giant's In Amenas site in Eastern Algeria. The hostage crisis saw the company's share price reach a week low of 455.161p on Wednesday 16th January, recovering to close the period at 461.149p.
"Elsewhere, TD clients continued to favour Lloyds Banking Group plc (LLOY), which once again took top spot in both the buys and sells tables. The banking giant accounted for over a fifth (21.1%) of top ten trades in a week which saw it unveil the UK's largest commitment to support first time home buyers. It committed to lending £6.5 billion to help customers make their first step on to the property ladder in 2013."
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