Top Ten Retail Investor Buys & Sells for week ending 24 August 2007

Angus Rigby, Chief Executive Officer, TD Waterhouse, commented: With sharp losses and market volatility fresh in the mind of UK investors after last week's market turbulence, fears of a global credit crunch were allayed slightly this week after European central bankers and four big US banks rallied together to pump additional funds into the markets.

As banking stocks have fallen over the last two weeks, TD Waterhouse clients have taken the opportunity to increase their exposure to this sector, buying into Barclays, Royal Bank of Scotland, Northern Rock and Lloyds in the hope that current market conditions are a temporary blip that will soon be forgotten.

Barclays, the UK’s third largest bank has been popular despite being the first firm to use the Bank of England's credit facility, and the share price made a 3.72 per cent recovery this week on last, though it still remains down by over 15 per cent for the month.

Elsewhere, Max Petroleum, the oil and gas exploration Company has also seen strong trading activity this week. Last month their share price hit a 52-week high of 209.05 pence per share, though this declined sharply this month by almost 40 per cent. Bemused by the slump, Max Petroleum is unaware of any developments in their business or assets that are having a material impact on the trading of their securities. Analysts have suggested the share price volatility may be attributed to “forced selling” from investors who had bought shares on credit, and are forced to sell by their broker. In any case, long term investors will be hoping that the recovery of the share price, which climbed over 16 per cent this week, will continue.

TD Waterhouse Top Ten Retail Investor Buys & Sells for week ending 24 August 2007

Top 10 Buys
1 Max Petroleum
2 Barclays
3 Royal Bank of Scotland
4 Northern Rock
5 Tesco
6 BHP Billiton PLC
7 Worthington Nichol
8 Lloyds TSB Group
9 Vodafone Group
10 BT Group

Top 10 Sells
1 Royal Bank of Scotland
2 Northern Rock
3 Barclays
4 Lloyds TSB Group
5 Experian Group
6 BHP Billiton
7 Tanfield Group
8 Vodafone Group
9 Partygaming
10 Max Petroleum

TD Waterhouse Top Ten buys and sells are measured as the number of trades carried out in each stock over the previous 7 days.