Saxo’s Client Positioning Overview – Week ending 27th Sept 2024 Saxo’s Client Positioning Overview – Week ending 27th Sept 2024 Saxo’s Client Positioning Overview – Week ending 27th Sept 2024

Saxo’s Client Positioning Overview – Week ending 27th 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 27th Sept 2024.

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

What does it mean?

  1. Adobe shares saw a 2% increase in the number of clients trading the stock last week. The company announced that it is expecting 8.4% online sales growth for holiday shopping season.
  2. In terms of net exposure, Micron shares experienced the highest % increase, rising by 17%.

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

What does it mean?

  1. JD.com Inc. (ADR) shares experienced a 2% decline in the number of clients holding the shares last week, possibly due to profit-taking after the shares surged on the back of Chinese stimulus measures. The shares also saw the highest % increase in net exposure.
  2. Tesla, AMD, and Chinese stocks Meituan and Alibaba (ADR) each experienced a 1% decline respectively in the number of clients holding their shares.

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

What does it mean?

  1. The Global X Uranium ETF saw the highest increase in the number of clients holding the ETFs last week, with a 7.9% increase in net exposure.
  2. The holdings in rest of the instruments experienced a relatively similar increase, 2% in the number of clients trading the ETFs last week.

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

What does it mean?

  1. The holdings in the ProShares UltraPro QQQ ETF and the Direxion Daily Semiconductor experienced a decline of 4% in the number of clients trading the ETFs last week.
  2. The CSOP Hang Seng TECH Index ETF experienced the largest increase in terms of net exposure, gaining 16.0% from last week.

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

What does it mean?

  1. The Australia 200 index saw the largest increase in client trading activity at 38%, along with a 4.5% decrease in the number of clients holding long positions on the index.
  2. Meanwhile, the EU Stocks 50 index experienced a 21% decrease in the number of clients trading last week, with a 14.9% decrease in long positions held by clients.
  3. The Hong Kong Index saw the largest decrease in the % of clients holding long positions, dropping by 20%.

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

What does it mean?

  1. Among FX pairs, GBPJPY had the highest decrease in % of clients trading the pair at 19%, followed by AUDJPY at 14%.
  2. In terms of % change in long positions, GBPJPY experienced the highest increase with a 19.5% rise in clients holding long positions.
  3. Meanwhile, NZDUSD saw a 11.1% decline in long positions held by clients.

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 23rd Sept 2024 and 27th 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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