People are not selling shares to move to safer investments, figures indicate.
Data released by TD Waterhouse shows that its customers bought more shares last week than they sold.
The number of people buying investments was 57 per cent higher than those offloading them, a figure which is up 11 per cent on the previous week.
Angus Rigby, chief executive officer of the firm, said: "Leading the top ten buys this week, Barclays has been our customer's favourite trade accounting for more than a quarter of the buy trades (25 per cent) and less than a fifth of sells (16 per cent)."
Others were keen to invest in BP after it announced "staggering" profits of £6.4 billion in the third quarter, up 148 per cent from the same time last year, he noted.
According to Mr Rigby, this level of success could see the firm buying out rivals to "cash in" on the current situation.
Yesterday, a study by Skandia suggested that equities can be a better investment than property over the long term.
Shares still popular investments, figures show
Shares still popular investments, figures show
Tue, 04 Nov 2008
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