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.

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