London (PRWEB) May 06, 2011
Darren Hepworth, Trading and Customer Services Director, TD Waterhouse comments: “TD customers used a second consecutive shortened week of trading from Wednesday, 27 April to bring oil stocks back into focus, with oil companies accounting for over 50% of our top ten customer buys and nearly 60% of the top ten sells in the week ending Tuesday, 3 May. Financials were also back in the tables as the FTSE remained above the 6,000-mark, closing at 6,082.88 on Tuesday (3 May).”
Darren Hepworth continues: “Barclays shot straight back into our top ten buys table at the number one spot this week, accounting for nearly a third of our customer buys. It seems TD customers were hoping to pick up a bargain after the banking giant announced a 9% drop in pre-tax profits in the three months ended 31 March, compared to the same period the previous year. The disclosure saw the bank’s share price fall sharply to a low of 286.10p on Wednesday (27 April) as a result, having closed at 300.91p the previous day.
“New entrant, GlaxoSmithKline hit the number one spot in the top ten sells table, as customers appeared to cash in after the U.K.’s biggest drug maker reported a 14% increase in first quarter profits, which were helped in part by gains from the sale of the pharmaceutical’s stake in Quest Diagnostics Inc.
“The remainder of both the buys and sells tables were heavily dominated by oil as two industry giants, Exxon Mobil and Royal Dutch Shell saw rises in first quarter profits on the back of higher world oil prices. Solo Oil’s recent popularity continued as it remained in the top three buys and sells for the third week running, rising one place in each table to second.
“Chariot Oil & Gas entered the top ten buys in 10th place as it attempted to play down fears about a new mining and minerals bill in Namibia. The explorer’s share price plummeted from its Thursday (28 April) closing price of 235.09p to 188.75p on Tuesday (3 May) before it recovered some of those earlier losses, which appeared to be linked to talk that a bill and creation of new state owned mining company, Epangelo Mining, could affect its operations in the area.
“Elsewhere in the oil sector, Nostra Terra Oil also reappeared in the top ten buys and sells this week taking fifth place in both tables, while BP climbed one place in the sells to eighth and entered the buys in sixth after one week’s absence.”
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About TD Waterhouse:
TD Waterhouse is the UK’s leading execution-only broker†, servicing approx 200,000 UK customers with over £3.77 billion in customer assets (stocks and cash) under management. It is a subsidiary of the TD Bank Group (TD or the bank), the 6th largest bank in North America by branches. TD has 81,000 employees in offices around the world, serving 19 million customers with client assets of CDN$616 billion (as at 31, January 2011). † Source: Compeer based on daily average retail trades for TD Waterhouse including its white label partners, as at March 2011.
TD Waterhouse provides UK investors with simple, fast and easy share dealing services - combined with high quality news and information from leading providers including AFX and Morningstar (Hemscott) - to both active traders and longer-term investors. These include UK and international equity trading, Individual Savings Accounts (ISAs), Regular investment accounts and Self Invested Personal Pensions (SIPPs). TD Waterhouse is authorised and regulated by the Financial Services Authority (FSA), 25 The North Colonnade, Canary Wharf, London E14 5HS (FSA registered number 141282), member of the London Stock Exchange and the PLUS market.