Saxo’s Client Positioning Overview – Week ending 20th Sept 2024 Saxo’s Client Positioning Overview – Week ending 20th Sept 2024 Saxo’s Client Positioning Overview – Week ending 20th Sept 2024

Saxo’s Client Positioning Overview – Week ending 20th Sept 2024

Equities 10 minutes to read
Hay Thi

Market Specialist

The data below illustrates the week-on-week positioning changes of Saxo Singapore’s clients across various asset classes for the week ending on 20th Sept 2024.

Top 5 Major Stocks with the highest week-on-week % increase in holdings 

week39_1

What does it mean?

  1. Micron shares had the largest increase in the number of clients trading the stock, with the shares trading higher last week.
  2. Intel shares had the highest increase in net exposure, rising by 17%.

Top 5 Major Stocks with the highest week-on-week % decrease in holdings

week39_2

What does it mean?

  1. Shopify Inc. experienced a 2% decline in the number of clients holding the shares last week, possibly due to profit-taking after the shares rose by more than 4% last week.
  2. Netflix and Meta both saw a 1% decline in the number of clients holding their shares.
  3. Netflix also experienced a 1.4% decrease in net exposure, while Meta experienced a 3.3% increase in net exposure.

Top 5 ETFs with the highest week-on-week % increase in holdings

week39_3

What does it mean? 

  1. The NikkoAM-StraitsTrading Asia Ex Japan REIT ETF had the highest increase in the number of clients holding the ETFs last week, with a 1.3% rise in net exposure.
  2. We also observe an increase in the Invesco NASDAQ 100 ETF and the iShares Russell 2000 ETF, with a slight change in net exposure.

Top 5 ETFs with the highest week-on-week % decrease in holdings

week39_4

What does it mean?

  1. The holdings in the instruments above experienced a relatively similar decline of 2% in the number of clients trading the ETFs last week.
  2. The Direxion Daily Semiconductor Bull 3X Shares ETF saw a 3% decrease in net exposure, while the CSOP Hang Seng TECH Index ETF experienced a 4.4% decrease in net exposure.

Position Change in the Top CFD Indices (week-on-week)

week39_5

What does it mean?

  1. The France 40 index saw the highest increase in of clients trading last week at 33%, along with a 16.7% increase in clients holding long positions on the index.
  2. The EU Stocks 50 index also saw a 27% increase in % of clients trading last week, with a 14.9% increase in long positions held by clients.
  3. As for the US Tech. 100 NAS, there was a 7% decrease in % of clients trading the index, while the % of clients holding long positions decreased by 18.7%.

 

Position Change in the Most Popular FX pairs (week-on-week)

What does it mean?

  1. Among FX pairs, AUDJPY had the highest increase in % of clients trading the pair at 16%, followed by USDCAD at 14%.
  2. In terms of % change in long positions, USDCAD experienced the highest increase with a 11.6% rise in clients holding long positions.
  3. Meanwhile, USDJPY saw a 15.8% decrease, while GBPJPY experienced a 15.7% decline in long positions held by clients respectively.

Note:

  • The percentage change in number of clients refers to the total change in number of clients trading the instruments.
  • The percentage change in net exposure refers to the change in total value of positions held by clients.
  • The percentage changes are calculated based on a comparative analysis between the data as of the end of trading day on 16th Sept 2024 and 20th Sept 2024.  


In Saxo Capital Markets Risk Warning, you will find more information on leveraged products and the associated risks. Trading in financial instruments carries risk and may not be suitable for you. Please refer to Saxo Capital Markets’ fullDisclaimerhere. The information presented are historical and are not indicative of future performance.

Quarterly Outlook 2024 Q3

Sandcastle economics

01 / 05

  • Macro: Sandcastle economics

    Invest wisely in Q3 2024: Discover SaxoStrats' insights on navigating a stable yet fragile global economy.

    Read article
  • Bonds: What to do until inflation stabilises

    Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain inflation and evolving monetary policies.

    Read article
  • Equities: Are we blowing bubbles again

    Explore key trends and opportunities in European equities and electrification theme as market dynamics echo 2021's rally.

    Read article
  • FX: Risk-on currencies to surge against havens

    Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperform in Q3 2024.

    Read article
  • Commodities: Energy and grains in focus as metals pause

    Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities in Q3 2024.

    Read article

Disclaimer

The Saxo Group entities each provide execution-only service, and access to analysis permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Inspiration Disclaimer and (v) Notices applying to Trade Inspiration, Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.

Trading in financial instruments carries risk, and may not be suitable for you. Past performance is not indicative of future performance. Please read our disclaimers:
Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
Full disclaimer (https://www.home.saxo/en-sg/legal/disclaimer/saxo-disclaimer)

None of the information contained here constitutes an offer to purchase or sell a financial instrument, or to make any investments. Saxo Markets does not take into account your personal investment objectives or financial situation and makes no representation and assumes no liability as to the accuracy or completeness of the information nor for any loss arising from any investment made in reliance of this presentation. Any opinions made are subject to change and may be personal to the author. These may not necessarily reflect the opinion of Saxo Markets or its affiliates.

Saxo Markets
88 Market Street
CapitaSpring #31-01
Singapore 048948

Contact Saxo

Select region

Singapore
Singapore

Saxo Capital Markets Pte Ltd ('Saxo Markets') is a company authorised and regulated by the Monetary Authority of Singapore (MAS) [Co. Reg. No.: 200601141M ] and is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark. Please refer to our General Business Terms & Risk Warning to consider whether acquiring or continuing to hold financial products is suitable for you, prior to opening an account and investing in a financial product.

Trading in financial instruments carries various risks, and is not suitable for all investors. Please seek expert advice, and always ensure that you fully understand these risks before trading. Trading in leveraged products such as Margin FX products may result in your losses exceeding your initial deposits. Saxo Markets does not provide financial advice, any information available on this website is ‘general’ in nature and for informational purposes only. Saxo Markets does not take into account an individual’s needs, objectives or financial situation.

The Saxo trading platform has received numerous awards and recognition. For details of these awards and information on awards visit www.home.saxo/en-sg/about-us/awards.

The information or the products and services referred to on this website may be accessed worldwide, however is only intended for distribution to and use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. Products and Services offered on this website are not intended for residents of the United States, Malaysia and Japan. Please click here to view our full disclaimer.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Apple and the Apple logo are trademarks of Apple Inc, registered in the US and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.