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TD customers pick a mix of stocks

23rd September 2011 Print

Darren Hepworth, Trading and Customer Services Director, TD Waterhouse comments: "In the week ending Tuesday, 20 September the top ten trades by TD customers painted a mixed picture, with trading across resource, construction, technology and communications sectors. Overall trading increased by 9% since last week, with the volume of sells increasing by 76% and buys decreasing by just under 28%.

"By the time markets had closed on Tuesday, TD customers had sold twice as many bank stocks than the rest of the top ten sells combined this week, as Lloyds Banking Group (LLOY) climbed back to the summit of both the buys and sells and Barclays (BARC) finished in third position in both tables. Royal Bank of Scotland Group (RBS), meanwhile, was the fourth most popular buy and second most popular sell.

"New entrants to the sells this week were Vodafone Group (VOD) and Taylor Wimpey (TW), who entered the table at 10th and ninth place respectively. Taylor Wimpey, the UK's second-largest homebuilder by volume, said there was cause for optimism in the housing industry with its sales in the second half of 2011 so far beating the figures for the same period last year.

"Last week's top sell, Gulf Keystone Petroleum (GKP), was this week's second most popular buy and was joined by fellow resource stocks Xcite Energy (XEL) and Range Resources (RRL) at ninth and 10th in the buys respectively. Gulf revealed on Tuesday (20 September) it had raised $200m by placing over 91m shares at a price of 140p. The funds will be used to fund its operations at the Shaikan field in the Kurdistan region of northern Iraq."