ISA Investors' Favourite Stocks: Oil and Utilities

While Lloyds proved popular among young ISA investors, oil companies and utilities stocks dominated the most purchased stocks list in March

Karen Kwok 5 April, 2017 | 3:03PM

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ISA investors have been snapping up oil and utilities stocks over the past month as the end of the tax year approaches, according to various online trading platforms. After a spectacular second half of 2016, pushing the FTSE 100 to record highs, the oil sector has struggled this year, but this blip may present a buying opportunity for investors.

Data compiled by fund platforms Hargreaves Lansdown and AJ Bell reveals that Royal Dutch Shell (RDSB) and BP (BP.) top the list of the 10 most purchased stocks by ISA investors in March. Small and mid-sized oil companies – higher risk stocks – proved popular among ISA investors aged 18 to 36 years old, according to The Share Centre. Ascent Resources (AST) and 88 Energy (88E) were the top traded equities by millennials within their ISAs between January and March.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
88 Energy Ltd0.27 GBX0.00
Ascent Resources PLC2.38 GBX0.00
BP PLC304.50 GBX2.65
Hurricane Energy PLC5.81 GBX-2.76
Lloyds Banking Group PLC30.11 GBX-1.75
National Grid PLC879.00 GBX1.03
Royal Dutch Shell PLC B1,247.60 GBX2.45
SSE PLC1,335.50 GBX0.60

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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