Banks and insurers make up half of week's popular trades

19 August 2010 at 15:56

Banks and insurers make up half of week's popular trades Half of the most popular trades in the last week involved insurers or banks, according to the latest report.

Figures issued by TD Waterhouse for its Top 10 Retail Investor Buys and Sells for week ended 17th August 2010 showed that Lloyds topped both the buys and sells list this week as clients customers continued to trade heavily in financial stocks.

Darren Hepworth, trading and customer services director at TD Waterhouse, explained that banks and insurers accounted for 48.3 per cent of the top ten buy and sell trades in the period, with buys outnumbering sells by almost two to one.

He noted that construction firm Rok meanwhile, found itself "fending off comparisons to Connaught" after the firm suspended its finance director and issued a profit warning.

"This followed an accountancy firm uncovering serious failings in financial controls of Rok's plumbing, heating and electrical business. As a result its share price dropped 29 per cent, with interest from customers pushing it to ninth on the buys list," Mr Hepworth explained.

Posted by James Harrison ADNFCR-3006-ID-800032263-ADNFCR

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