Saxo’s Client Positioning Overview – Week ending 13th Sept 2024

Saxo’s Client Positioning Overview – Week ending 13th 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 13th Sept 2024.

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

What does it mean?

  1. Alphabet Inc. – C shares had the largest increase in the number of clients trading the stock, with a 5.2% change in net exposure.
  2. Positions in Micron shares rose by 2% as well, with a 10.3% increase in net exposure.
  3. Nvidia shares also saw a 1% increase in the number of clients holding the stock, likely due to clients buying the dip. The stock also experienced a 13% increase in net exposure.

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

What does it mean?

  1. Singtel and United Overseas Bank Ltd shares both experienced a similar 2% decline in clients trading the shares last week.
  2. Palantir shares experienced the most substantial 13.4% increase in net exposure.

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

What does it mean?

  1. The Energy Select Sector SPDR ETF and the iShares Silver Trust ETF saw a 3% increase in the number of clients holding the ETFs last week.
  2. We also observe an increase in the iShares Semiconductor ETF, and the iShares S&P 500 Info Technology Sector UCITS ETF.
  3. The iShares S&P 500 Info Technology Sector UCITS ETF also experienced the highest increase in net exposure of 13.1%.

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

What does it mean?

  1. The Direxion Daily Semiconductor Bull 3X Shares ETF saw the largest drop of 4% in the number of clients holding the ETF last week, while net exposure increased by 11.5%.

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

What does it mean?

  1. The EU Stocks 50 index experienced the highest increase in of clients trading last week at 10%. However, there was a 16.4% decrease in clients holding long positions on the index.
  2. Meanwhile, the Australia 200 index saw a 27% decrease in % of clients trading last week, with a small change of 1.1% increase in clients holding long positions.
  3. As for the US Tech. 100 NAS, there was a 5% increase in % of clients trading the index, while the % of clients holding long positions decreased by 9.3%.

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

What does it mean?

  1. Among FX pairs, EURJPY had the highest increase in % of clients trading the pair at 39%, followed by CHFJPY at 18%.
  2. In terms of % change in long positions, NZDUSD experienced the highest increase with a 15.6% rise in clients holding long positions.

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 9th Sept 2024 and 13th 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.

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