Update filed at market close

News that BP had contained more than 14,800 barrels of oil in the past 24 hours from the blown out oil well in the Gulf of Mexico was insufficient to stop further losses today.

The oil giant saw its share price dive still further as investors continue to fret over the increasingly harsh words from US president Barack Obama over BP’s conduct during the clean up period.

BP closed down 4.8 per cent at 409.5 pence, top of the drop list yet again, ahead of banking stocks Lloyds Banking Group, down 4.2 per cent at 51.7 pence and Royal Bank of Scotland, down 4.2 per cent at 41.3 pence.

Miner Fresnillo managed to leapfrog Aggreko to take the top spot by the end of trading, up 4.6 per cent at 939 pence.

Aggreko continued to perform well throughout the day, following on from this morning’s announcement that its results are likely to be far beyond what it had first outlined, having won additional contracts.

Investors have responded to news of an aggressive investment programme where it will be hiking capital expenditure by £45 million. Its share price responded accordingly up 3.9 per cent at 1,407 pence.

Randgold Resources managed to claw its way into the top three trades yet again, up to 6,090 pence now, a rise of 2.3 per cent.


Top ten trades
8 June 2010 (until noon)
Source: TD Waterhouse

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Buy
1. BP, 23.8 per cent
2. Lloyds Banking Group, 13. 8 per cent
3. Barclays, 13.6 per cent
4. Rockhopper Exploration, 11 per cent
5. Royal Bank of Scotland, 8.8 per cent
6. Desire Petroleum, 6.9 per cent
7. Taylor Wimpey, 6.7 per cent
8. Barratt Developments, 5.2 per cent
9. Tesco, 5.2 per cent
10. Regal Petroleum, 4.9 per cent

Sell
1. Rockhopper Exploration, 17.7 per cent
2. Desire Petroleum, 13.5 per cent
3. Regal Petroleum, 12 per cent
4. BP, 11.7 per cent
5. Lloyds Banking Group, 10.5 per cent
6. Nighthawk Energy, 8.7 per cent
7. Royal Bank of Scotland Group, 8.4 per cent
8. Barclays, 6.6 per cent
9. Chloride Group, 6 per cent
10. Renold, 4.8 per cent