"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 Top 10 TD Client Buys and Sells for week ended 14th May 2012
"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 Nambia 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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