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Top Ten Buys and Sells - UK equities
08 June 10
Top Ten Buys and Sells - Weekly Retail Investor Activity Summary and Comment
The Top Ten buys and sells are measured as the total number of trades carried out in each stock by TD Waterhouse clients over the previous 7 days.
This report is not a recommendation to buy or sell these stocks.
| Top Ten Buys | Top Ten Sells | |
|---|---|---|
| 1 | BP | ROCKHOPPER EXPLORA |
| 2 | ROCKHOPPER EXPLORA | BP |
| 3 | BARCLAYS | LLOYDS BANKING GP |
| 4 | LLOYDS BANKING GP | DESIRE PETROLEUM |
| 5 | ROYAL BK SCOT GRP | ROYAL BK SCOT GRP |
| 6 | DESIRE PETROLEUM | BARCLAYS |
| 7 | XSTRATA PLC | VODAFONE GROUP |
| 8 | TAYLOR WIMPEY | XSTRATA PLC |
| 9 | ENCORE OIL | GULF KEYSTONE PETR |
| 10 | YELL GROUP | AVIVA |
Angus Rigby, Chief Executive Officer, TD Waterhouse comments:
“Buys almost doubled this week, exceeding sells by more than two to one, with energy companies maintaining their popularity among TD Waterhouse customers led once again by super-major BP (BP) and Falklands-focused explorer Rockhopper Exploration (RKH).
“BP maintained first place in the top ten buys, with buy volumes increasing by more than 50% in the week ended 8th June. It seems the decline in the company’s share price, which is blamed on the cost of cleanup efforts in the Gulf of Mexico and concern about BP’s upcoming dividend payment, has yet to deter our customers. This week BP has managed to funnel off some of the leaking oil, however the stock has suffered further falls this morning on the back of reports that the US may impose large penalties on the company.
“Rockhopper also continued to be a popular trade, vaulting over the leading banking shares to take second place in our top ten buys, as trading benefited from the much-anticipated release of results from the company’s Sea Lion discovery in the South Atlantic. The company has said it confirms the first Contingent Oil Resource in the Falklands.
“Rockhopper also jumped to the head of the most-sold list as some customers sought to lock in previous gains in the stock. The explorer’s popularity helped to knock last week’s leader on the sells list, Lloyds Banking Group (LLOY), into third place behind BP and Rockhopper. Shares of Desire Petroleum (DES) also benefited from the Rockhopper well results, as investors turned their attention to Desire’s Rachel prospect off the Falklands, lifting the stock to sixth in the top ten buys.
“Aside from the dominance of the oil companies, mining company Xstrata (XTA) re-entered the top ten buys table in seventh position as the company said it suspended work at two projects in Australia because of the Australian government’s proposed Resource Super Profits Tax. Energy junior Encore Oil (EO) also entered the top ten as an oil strike at its Catcher exploration well in the North Sea exceeded expectations.”
The Top Ten buys and sells are measured as the number of trades carried out in each stock over the previous 7 days.