Top ten trades
Monday 8 August 2011 (until noon)
Source: TD Waterhouse

TD Waterhouse view:

'UK banks Lloyds, Barclays and Royal Bank of Scotland accounted for 50 per cent of the top ten buys and sells this morning as the European Central Bank began to buy up Spanish and Italian debt to bolster equity markets.

'Tesco entered the top ten buys in eighth at 5 per cent as it was revealed that the supermarket giant has been found to be operating two-tiered pricing, with customers in Scotland able to buy many items at a 5 per cent discount to those in the UK. This breaches an industry-wide agreement with the Competition Commission with the supermarket slashing prices in Scotland but not in the rest of the UK.

'Meanwhile Xstrata leapt up the buys table reaching tenth place as last week’s commodities slump continued on the back of concerns that a global economy downturn would reduce demand for raw materials.'
 
BUY
1. Lloyds Banking Group, 26.1 per cent
2. Aviva, 13.8 per cent
3. Barclays, 13.5 per cent
4. Royal Bank of Scotland Group, 11.7 per cent
5. Gulf Keystone Petroleum, 7.6 per cent
6. Range Resources, 7 per cent
7. RSA Insurance, 5.5 per cent
8. BP, 5.3 per cent
9. Vodafone Group, 5.2 per cent
10. Xstrata, 4.2 per cent

SELL
1. Lloyds Banking Group, 19.2 per cent
2. Barclays, 14.4 per cent
3. Royal Bank of Scotland Group, 12.1 per cent
4. Gulf Keystone Petroleum, 11.7 per cent
5. Range Resources, 10.4 per cent
6. BP, 8.4 per cent
7. Xcite Energy, 6.2 per cent
8. Aviva, 5.9 per cent
9. Xstrata, 5.5 per cent
10. Afren, 5.3 per cent

The Top Ten Trades should not be taken as a recommendation to buy or sell any particular bond or stock, and it is not intended to offer any form of advice. Instead it is simply an indication of the general buying and selling trends amongst some TD Waterhouse customers, observed during the period stated.

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