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Lloyds remains popular during week of heavy trading

30th June 2011 Print

Darren Hepworth, Trading and Customer Services Director, TD Waterhouse comments: "TD customer trading was up across the board in the week ending Tuesday 28 June, with a near 30% rise in the combined number of top ten buys and sells on last week. Financial, oil, mining and technology sectors were all represented, however there was a familiar look at the top of the buys table as Lloyds Banking Group (LLOY), Barclays (BARC) and Royal Bank of Scotland Group (RBS) took first, second and third places, respectively.

"The number of buy trades among the three banks accounted for over half of all top ten buys this week and were up by 50% on last week. Lloyds was also top sell for the third week in a row and accounted for nearly 20% of the top ten sells overall.  

"ARM Holdings (ARM) entered the sells in ninth place as the company's share price rose to a high of 589.59p on Friday (24 June), having closed the previous day's trading at 563.61p. The rise came as analysts suggested Oracle and Accenture's encouraging quarterly results were signs of positive growth in the IT sector.

"Meanwhile, ARM's competitor, Imagination Technologies (IMG), made a rare appearance at 10th position in the top ten buys as the microchip maker announced on Wednesday 22 June that it expected to be shipping more than 1 billion chips by 2016, double its previous forecast of 500 million.

"Berkeley Mineral (BMR) re-entered both top ten tables this week, arriving in ninth place in the buys and seventh place in the sells. The company announced last week that it has now completed the deal to buy the remaining tailings at the Kabwe lead-zinc-silver mine in Zambia and will now prepare the tailings for processing so that they can be sold on world markets.

"The sells table saw two oil stocks re-appear this week. Rockhopper Exploration (RKH), the only oil explorer to strike it lucky in the Falklands so far, reported commercially viable flow rates from one of its wells on the islands on Monday (27 June). The company entered the sells in second place as its share price hit a three month high. Sound Oil (SOU) took 10th place as the company's CEO announced encouraging results for the oil explorer from test operations at its Marciano-1ST well in Italy."