Saxo’s Client Positioning Overview – Week ending 6th Sept 2024

Saxo’s Client Positioning Overview – Week ending 6th 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 6th Sept 2024.

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

What does it mean?

  1. Nvidia shares saw 4% increase in the number of clients holding the stock, likely due to clients buying the dip after its shares sank more than 13% on the back of antitrust scrutiny and a tech selloff.
  2. Similarly, positions in Intel rose too after the stock fell more than 24%, following its disappointing earnings and a headcount reduction plan.

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

What does it mean?

  1. The holdings in the instruments above experienced a relatively similar decline of 1% last week.
  2. Netflix shares experienced the most substantial 6.5% decrease in net exposure, followed by Adobe with 2.8%.

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

What does it mean?

  1. The Direxion Daily Semiconductor Bull 3X Shares ETF saw a notable 10% increase in the number of clients holding the ETF last week, while at the same time there was a 13.6% decrease in net exposure.
  2. We also observe an increase in the iShares Bitcoin Trust ETF that tracks the performance of the cryptocurrency, and the ProShares Bitcoin Strategy ETF that provides exposure to bitcoin futures contracts. 

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

What does it mean?

  1. The VanEck Vectors Gold Miners ETF saw the biggest decrease of 4% in the number of clients holding the ETF last week, with an 8.3% decline in net exposure.
  2. Meanwhile, the Grayscale Bitcoin ETF saw a 12.3% decrease in net exposure.

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

What does it mean?

  1. The Hong Kong Index experienced the highest increase in % of clients trading last week at 19%, with 89% of clients holding long positions.
  2. The Japan 225 index also saw a 10% increase in % of clients trading last week, along with a 5.8% increase in clients holding long positions.
  3. As for the US Tech. 100 NAS, there was a 13% decrease in % of clients trading the index, white the % of clients holding long positions increased by 7.1%.

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

What does it mean?

  1. Among FX pairs, USDCAD had the highest increase in % of clients trading the pair at 19%, followed by GBPJPY.
  2. In terms of % change in long positions, AUDJPY experienced the highest increase with a 37% 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 2nd Sept 2024 and 6th 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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