cashcaptain
- 09 May 2007 13:23
ANYONE KNOW WHY THE ROYAL BANK OF SCOTLAND IS SHOWING A SHARE PRICE AROUND THE 6.59 MARK WHEN IT WAS 18.00 OR SO THE OTHER WEEK OR AM I GOING STRANGE?????????????
ExecLine
- 20 Jan 2009 18:45
- 673 of 676
Hedge funds may have missed out on bank share slump
Tue Jan 20, 2009 1:06pm EST
LONDON (Reuters) - Hedge funds may have missed out on sharp falls in banks' shares in recent days because few rushed in after the UK's ban on short selling financial stocks expired on Friday, data shows.
According to figures from research firm Data Explorers, the amount of stock out on loan -- a good indication of how much a stock has been sold short -- did not increase on Friday in Royal Bank of Scotland (RBS.L) and actually fell in HBOS (HBOS.L).
Stock out on loan in HSBC (HSBA.L), Lloyds TSB (LLOY.L) and Barclays (BARC.L) rose only slightly.
While data for Monday and Tuesday is not yet available, the results indicate hedge funds may not have made money out of the plunge in bank stocks over the last two days -- Royal Bank of Scotland slumped 67 percent on Monday after falling 13 percent on Friday, while Barclays dropped 10 percent on Monday after a 25 percent fall on Friday.
However, the amount of stock on loan in Aberdeen Asset Management (ADN.L) rose to 9.22 percent on Friday from 8.58 percent on Thursday.
Aberdeen's shares have outperformed the FTSE All Share .FTAS index by 20 percent and the sector by 24 percent over the past month.
Last month the firm bought part of Credit Suisse's fund management arm, while it has also been widely reported as a potential bidder for New Star Asset Management (NSAM.L).
The Financial Services Authority (FSA), which imposed the short-selling ban on financials in September, has said it would reintroduce the measure without consultation if needed.
(Reporting by Laurence Fletcher, editing by Will Waterman)
2517GEORGE
- 21 Jan 2009 16:42
- 675 of 676
tomasz-----how IS the weather in Calcutta.
2517
tomasz
- 22 Jan 2009 09:20
- 676 of 676
2517 i dont know that,just know what is the weather in my Calculattor