Private investors have reacted to today’s interim results from Lloyds Banking Group by largely cashing in their stocks. Trading among private investors on the Interactive Investor (www.iii.co.uk) platform is running at 2:1 sales to buys during today (Wednesday 4 August).

Rebecca O’Keeffe, head of investment at Interactive Investor, said:
“Despite a positive set of results for Lloyds and a return to profit private investors are generally selling their stock rather than investing. With the Lloyds share price up around 50% in the last six months traders are clearly cashing in on this rise and taking advantage of healthy short term profits.

“As expected for bank reporting week we are seeing higher trading volumes than usual. This will no doubt continue with Barclays and RBS still to report.”