Broker
TD Waterhouse has revealed that the banking sector accounted for 61 per cent of its top ten trades in 2010's opening weeks. Its representatives note that customers opted to trade heavily in Lloyds Banking Group and Royal Bank of Scotland (RBS) in particular.
Angus Rigby, chief executive officer of
TD Waterhouse, further points out that the volume of trading in the broker's weekly top ten trades was 48 per cent higher last week than the week before, with buys 24 per cent ahead of sells.
"As
UK banks jumped to defend their bonuses against the government's proposed super tax, Lloyds proved to be the most popular trade, accounting for almost a quarter of the top ten buys and sells," he comments. "Buys were markedly (28 per cent) ahead of sells as the chief of the 43 per cent state-owned bank, Eric Daniels, reiterated his claim that his £1million annual salary was 'modest'."
Meanwhile, wind power firm Sea Energy made its first appearance in the top ten after the government revealed plans to open nine offshore green-energy sites. Its shares subsequently fell, however, following news that it is granting 1.98 million share options, including 1.34 million to directors.
