Singapore-based investors, at least those who trade with TD Ameritrade, sold more than they bought in June, reflecting their stance on recent market volatility.
The brokerage, citing its Investor Movement Index (IMX), notes a score of 4.88 for its Singapore clients in June, versus 5.74 recorded in the preceding month.
The IMX is TD Ameritrade’s proprietary, behaviour-based index, that aggregates Main Street investor positions and activity to measure what investors were actually doing and how they were positioned in the markets.
“As TD Ameritrade clients across the world assessed the investing landscape, several market catalysts on the macroeconomic front led to elevated activity in June,” says Greg Baker, CEO of TD Ameritrade Singapore.
“While clients in Singapore reduced investment exposure and were net sellers overall during the period, they did net buy seven of the S&P sectors: communication services, consumer staples, energy, financials, industrials, information technology, and real estate.”
According to TD Ameritrade, the top five stocks bought by its clients, both Singapore and overall, in June, were: Apple Inc; Microsoft Corp; Amazon.com Inc; Walt Disney Co and Nvidia Corp.
In contrast, the stocks sold most were: Nio Inc; Li Auto Inc; Alibaba Group Holding; Exxon Mobil Corp and FedEx Corp.