The credit crunch has not phased investors, according to figures from online shares service The Share Centre.
The Share Centre’s weekly top five buys table shows consumers remain optimistic about investing in big banks despite the economic downturn.
Big financial institutions dominated last week’s top five buy stocks. The Royal Bank of Scotland topped the table, followed by Lloyds TSB, Barclays, Northern Rock and Alliance & Leicester. The Royal Bank of Scotland stock sales doubled Lloyds TSB sales.
Tesco sold the most stocks, followed by Glaxo, BHP Billiton, BP and Vodafone.
Nick Raynor, investment adviser at The Share Centre, says: “Like many, The Share Centre investors are in it for the long-haul and therefore the attractive dividend yields these companies are likely to offer in a year’s time would certainly appeal.
“Consolidation rumours in the sector are also rife. If take over bids for Northern Rock and Alliance & Leicester come off, this would also see good returns for investors.
“It is interesting to see that investors are ditching their ‘safer bets’, as although the likes of Tesco and Vodafone have fared well over the recent rocky period, investors now seem ready to cash in on these stocks to raise capital for future investments”.
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