Investors continue to explore oil and gas sector for profit

Halifax Share Dealing (HSDL) has revealed that Exploration & Production continues to be a leading trading sector, as its investors look to the oil and gas industry for profit.

Trading volumes in 'Exploration & Production' stocks have consistently made this sector one of the most popular amongst HSDL investors so far this year. It’s the top traded sector for seven out of the nine months of the year so far, with trades in the 'Exploration and Production' sector contributing between 19% and 37% of all HSDL trades each month.

Damian Stansfield, Managing Director of Halifax Share Dealing, comments: “Exploration & Production stocks have consistently proved to be by far the biggest interest for HSDL investors this year. Despite the volatile nature of this sector, investors have not been deterred. Instead, recent oil and gas discoveries have prompted high volumes of trading as our investors use share price fluctuation to their advantage.”

General Mining, Gold Mining, Integrated Oil & Gas also featured, but lagged behind with related trades averaging 11.2%, 6.0% and 4.0% of monthly volume respectively.

This information is not intended to be advice or a recommendation to buy, sell or hold any of the shares mentioned.

Further information can be found by visiting halifax.co.uk/sharedealing/