Spreadex clients tip banking stocks for 2009

Banking stocks are set to rally in 2009 – that’s the view of clients at established spread betting firm Spreadex.

With a number of sectors suffering record falls during a turbulent year of trading, investors have been keen to identify firms who may buck the trend in the New Year. And a list of the top 10 most positively traded equities among the company’s customer base shows RBS, Barclays, Lloyds and HBOS in the top four and HSBC in tenth place.

Spreadex spokesman Andy MacKenzie said: ‘The results suggest some much-needed confidence is finally returning to the banking sector.

‘The view of our customers appears to be that the big institutions have weathered the worst of the storm – an opinion backed up by the markets themselves after the positive reaction this week to the Bernard Madoff Wall Street fraud.’

MacKenzie added: ‘Mining stocks and gas and oil companies have also traditionally been favourites among our clients and Rio Tinto appears to be back in favour after the cost-cutting measures announced this month while Soco International is another firm attracting attention from our customers.’

Top 10 long-term buys for 2009 from Spreadex customers -:

Editor’s note: Spreadex Ltd is authorised and regulated by the Financial Services Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved.

Thoughts: A bit of public relations but interesting that Spreadex clients are backing the banks for recovery in 2009

Tags: spreadex

This entry was posted on Wednesday, December 17th, 2008 at 11:18 pm and is filed under Public Relations. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.