Fri 13 Jun 2008
Investors snapping up housebuilding shares
Private investors are buying up large quantities of housebuilders shares, following significant share losses this week, according to stockbroker TD Waterhouse.Barratt Developments, Persimmon and Taylor Wimpey were all featured among this week's top ten buys. The data suggests that private investors believe that the doom and gloom surrounding the housing market may have dramatised.
Share prices plummeted across the housebuilding division this week. Merrill Lynch analyst Mark Hake warned that the sector had now gone beyond “tipping point”.
Posted by Marc Da-Silva
in Barratt Homes, Mark Hake, Merrill Lynch, News, Persimmon Homes, Taylor Wimpey, TD Waterhouse on Fri 13 Jun 2008
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