Quarterly Outlook
Q4 Outlook for Investors: Diversify like it’s 2025 – don’t fall for déjà vu
Jacob Falkencrone
Global Head of Investment Strategy
The tech giants held their ground, but investor interest evolved:

This month's "hot stocks" ranked by surge in trading momentum—not just volume—highlight a broader story: a rotation into Singapore dividend names and a bounce in sentiment around global consumer and travel stocks.

DBS, OCBC, and SIA were among the hottest stocks in April—reflecting a return to yield and local conviction trades.
Nvidia remains the most traded stock, but attention is returning to mega-cap growth stocks like Apple and Microsoft.
Tesla’s trade count fell 30% MoM, even as it remained one of the most traded names—suggesting fatigue after months of speculative activity. Post-earnings volatility and margin concerns are weighing on speculative interest, even as robotaxi hopes linger.