LONDON, UNITED KINGDOM — (Marketwire) — 05/17/12 — Stuart Welch, CEO, TD Direct Investing comments: “This week saw the volume of TD client top ten trades increase by more than 50% as investors monitored ongoing concerns that Greece could be forced out of the Eurozone. Speculation that the financially troubled nation could run out of money by next month appears to have sent shockwaves through Eurozone economies, as the FTSE 100 dropped to its lowest level since December 2011, finishing at 5465.52 on Monday 14 May.
“The overall buy:sell ratio by TD clients was 2:1 this week, with Gulf Keystone Petroleum Limited (GKP) taking top spot in both the buys and sells tables. Shares in the oil and gas explorer reached a week high of 224.75p on Friday (11 May), following an announcement that it was in talks with several potential bidders for the sale of its 20% interest in the Akri-Bijeel block in the Kurdistan region of Iraq. The share price dropped to close at 197.78p on Monday (14 May) as Gulf finished the week with a buy:sell ratio of almost 1.7:1.
“Fellow oil and gas explorer Chariot Oil & Gas Limited (CHAR) appeared as a new entry in 10th place in the buys table and ninth in the sells with a buy:sell ratio of 1.7:1. Chariot-s shares dropped by almost 47% during the week, finishing Monday (14 May) at 89.22p after the company announced that its Tapir South exploration well off the coast of Namibia had failed to find oil and would be plugged and abandoned.
“Elsewhere, Aviva Plc (AV.) was the fifth most popular buy among TD clients, following recent shareholder anger at the company-s remuneration plans, which eventually led to the departure of the company-s CEO, Andrew Moss. Following Moss- resignation announcement, shares in the British insurer reached a week high of 319p on Tuesday (8 May) but dropped back to close at 290.27p on Monday (14 May).”
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Notes to editors
Footnotes
1: The Top Ten Buys and Sells 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 Direct Investing clients, observed during the period stated.
About TD Direct Investing:
– Financial Times/Investors Chronicle Awards:
— Best Mobile Trading App for the TD Trading Ap (winner 2011)
– Shares Awards:
— Best International Share Dealing Service (winner 2011 & 2010)
— Previous awards: Best Execution-Only Broker 2009, Best Online Trading Platform 2008, Best Online Broker 2007 & Best International Share Dealing Service 2006
– YourMoney Awards 2011
— for the sixth year in a row (winner)
— Best Direct Share Dealing Provider for the fourth year in a row (winner)
– MoneyAM Online Finance Awards 2011
— Best Online Execution-Only Broker (winner for the second year in a row)
— Best Online Overseas Trading Platform (winner)
TD Direct Investing is one of the UK-s leading execution-only brokers, servicing approx 200,000 UK clients with over GBP 3.77 billion in client assets (stocks and cash) under management. TD offer a range of financial products including Trading ISA, SIPPs, Offshore Trading accounts and .
TD Direct Investing is a subsidiary of the TD Bank Group. Headquartered in Toronto, Canada, with more than 85,000 employees in offices around the world, The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD offers a full range of financial products and services to approximately 20.5 million customers worldwide with client assets of CDN$774 billion (as at 31 January 2012).
Brokerage Services provided by TD Direct Investing (Europe) Limited (a subsidiary of The Toronto-Dominion Bank). Registered in England under No. 2101863. Registered office: Exchange Court, Duncombe Street, Leeds, LS1 4AX, United Kingdom. Authorised and regulated by the Financial Services Authority (FSA), 25 The North Colonnade, Canary Wharf, London, E14 5HS, United Kingdom (FSA firm reference number 141282), member of the London Stock Exchange and the PLUS Markets. VAT Registration No. 397103051.
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