Aviva most popular buy on budget day

Updated: 

stock marketAP

Britain's biggest insurer Aviva was the most popular buy on Budget Day, while oil and gas explorer Red Emperor Resources was the most-sold stock yesterday.

Find out what the most traded shares were, and why, among TD Direct Investing's customers.

Lloyds Banking Group was the number one buy up until midday, shortly before George Osborne got up to deliver his third budget in parliament, but Aviva finished the day in pole position after the chancellor's speech. The FTSE 100 index of Britain's leading shares, which had edged higher to 5,897 at noon ahead of the Budget, finished the day at 5,891.

Aviva's share price, which closed down 5.6% following the Budget yesterday, announced better than expected operating profits for 2011 earlier this month (although profits before tax were down). The insurer clearly thought that with all eyes on the chancellor's tax grab on pensioners, it was a good day to slip out its annual report. It revealed that Aviva boss Andrew Moss received a pay and perks package worth up to £5 million last year, with his basic salary climbing to close to £1 million.

Red Emperor was one of the most traded stocks yesterday after its share price rose over 3p to 50p on Tuesday, when it emerged that its joint venture partner Range Resources would offer it a stake in the promising Nugaal Basin offshore Puntland block in Somalia.

In the week leading up to Budget day, TD customers took a bite out of Apple. The company entered the most popular buys table for the week at ninth place in anticipation of the much awaited iPad 3, which went on sale last Friday. The launch saw Apple's share value rise 2.7% from the previous week with a share price of 601.10p at close of play on Monday.

Game Group
Game Group's well-publicised woes were not enough to put off punters. Bizarrely, the video games company – which is teetering on the brink of collapse – shot to the top of the customer buys chart in the past week. Those who bought the stock will have regretted their decision on Wednesday when the shares were suspended and the company admitted it had no equity value - and filed for administration. There are still hopes that a rescue deal can be done but those are dwindling.

Vodafone entered the customer buys table as a new entry at number five this week. The telecoms giant saw its share price drop from 169.71p to 167.05p this week. It emerged today that India is planning a fresh demand on the company after the Supreme Court dismissed a $2.2bn bill imposed on Vodafone, related to its 2007 acquisition of Indian mobile network Hutchison Essar.

Meanwhile, Essar Energy, which enjoyed a record daily gain on Monday, joined the top ten customer sells chart as a new entry in tenth place this week as punters took profits. This came after investment bank Merrill Lynch forecast shares in the power group could 'more than double' in the wake of rising crude oil prices, leading to a 23% increase in the share price to 134.66p in the week ending Monday.

TD warned that the value of your investments can go down as well as up, and you may not get back all the funds that you invest.


The Top 10 TD Customer Buys and Sells on Budget Day

TOP TEN TD CUSTOMER BUYS

TOP TEN TD CUSTOMER SELLS

At Close

Company

Position at noon

At Close

Company

Position at noon

1

AVIVA

3

1

RED EMPEROR RES

1

2

LLOYDS BANKING GP

1

2

GULF KEYSTONE PETR

5

3

RED EMPEROR RES

2

3

VODAFONE GROUP

2

4

ROYAL BK SCOT GRP

4

4

ARM HLDGS

4

5

BARCLAYS

8

5

TESCO

3

6

RANGE RESOURCES

6

6

SAINSBURY (J)

6

7

ESSAR ENERGY PLC

5

7

BIOQUELL

7

8

APR ENERGY

7

8

ROYAL BK SCOT GRP

9

9

GULF KEYSTONE PETR

10

9

XCITE ENERGY LTD

-

10

WEIR GROUP

-

10

PREMIER FOODS

10




The Top 10 TD Customer Buys and Sells for week ended 19 March

TOP TEN TD CUSTOMER BUYS

TOP TEN TD CUSTOMER SELLS

This week

Company

Last week

% of top 10 trades

This week

Company

Last week

% of top 10 trades

1

GAME GROUP

10

16.9%

1

LLOYDS BANKING GP

5

19.2%

2

RED EMPEROR RES

2

15.2%

2

ROYAL BK SCOT GRP

6

13.8%

3

RANGE RESOURCES

6

12.6%

3

GULF KEYSTONE PETR

1

13.1%

4

GULF KEYSTONE PETR

1

12.3%

4

BARCLAYS

9

9.6%

5

VODAFONE GROUP

-

10.2%

5

GAME GROUP

8

9.3%

6

XCITE ENERGY LTD

3

8.3%

6

RANGE RESOURCES

4

8.7%

7

ROYAL BK SCOT GRP

5

7.0%

7

RED EMPEROR RES

2

8.3%

8

LLOYDS BANKING GP

7

6.9%

8

TESCO

10

7.8%

9

APPLE INC

-

5.4%

9

XCITE ENERGY LTD

6

6.7%

10

HORN PETROLEUM COR

-

5.2%

10

ESSAR ENERGY PLC

-

3.4%

SPONSORED FINANCIAL CONTENT