What does Glencore and Xstrata merger mean for investors?
08 Feb 2012
Fri, 03 Sep 2010
The banking sector proved popular with TD Waterhouse investors this week, with banking stocks accounting for 52 per cent of the top ten buys, it has been revealed.
Darren Hepworth, trading and customer services director at TD Waterhouse, explained that overall, buys outnumbered sells by a ratio of two to one in the week ended Tuesday (August 31st).
Barclays was, according to Mr Hepworth, the top buy and fourth most-sold stock, while Royal Bank of Scotland was the most traded stock overall, taking second position on the buys list and third among the sells.
Lloyds, meanwhile, topped the sells for the sixth consecutive week and dropped from second to fourth position in the buys.
While buying was very much investors' strategy of choice, he observed, this week's trading figures also show that selling resources stocks was also a popular trade among our customers, with energy and mining firms accounting for almost half of overall top ten sells.
Meanwhile, the Personal Finance Education Group recently urged young adults to start thinking about investing for their future as soon as they get their first part-time job.
