Top ten trades
Monday 24 January 2011 (until noon)
Source: TD Waterhouse

TD Waterhouse comment:

'Banks remain in focus among TD Waterhouse customers as the markets opened this morning, with Lloyds Banking Group, Royal Bank of Scotland Group (RBS) and Barclays accounting for over half (50.2 per cent) of the morning’s top ten buys and  35.2 per cent of the morning’s top sells.

'Comments by the head of the Independent Banking Commission that they were potentially looking at ‘ring-fencing’ some banking activities, coupled with the ongoing problems in Ireland have had a negative impact on banking sector shares, with Lloyds Banking Group in particular seeing its share price fall back slightly to 65.44 by midday after opening the morning at 67.05.

'This has presented a buying opportunity for TD Waterhouse customers, with Lloyds featuring as our number one buy of the morning accounting for almost a third (32.4 per cent) of the morning’s top ten buys while RBS remains a top sell, although sell activity has slowed down from Friday.

'Meanwhile, Gulf Keystone Petroleum’s recent upgrade to ‘neutral’ by Goldman Sachs due top the stock’s recent underperformance has seen it jump from Friday’s tenth position to our second most popular sell this morning.'

BUY
1. Lloyds Banking Group, 32.4 per cent
2. Royal Bank of Scotland Group, 13.8 per cent
3. Sirius Minerals, 10.8 per cent
4. Ortac Resources, 9.2 per cent
5. BP, 6.9 per cent
6. Barclays, 5.8 per cent
7. Gulf Keystone Petroleum, 5.5 per cent
8. GlaxoSmithKline, 5.3 per cent
9. Atlantic Coal, 5.2 per cent
10. Xtract Energy, 5 per cent

SELL
1. Royal Bank of Scotland Group, 15.6 per cent
2. Gulf Keystone Petroleum, 15.3 per cent
3. Northern Foods, 13.5 per cent
4. Lloyds Banking Group, 11.6 per cent
5. Sirius Minerals, 9.5 per cent
6. Ortac Resources, 9.2 per cent
7. Barclays, 8 per cent
8. Premier Foods, 6.1 per cent
9. Encore Oil, 5.8 per cent
10. National Grid, 5.5 per cent