Saxo Bank, the online multi-asset trading and investment specialist, has revealed U.S. based companies dominated the five most traded stocks by its GCC-registered traders in the first quarter of 2017.

After U.S. financial markets responded positively to President Donald Trump’s election victory on 8 November last year, reflation trade has continued to accelerate since Trump’s inauguration on January 20, as evidenced by the Dow Jones Industrial Average climbing 6.12% and the S&P 500 index notching a 5.32% gain during Trump’s first 100 days.

The Trump effect appears to have encouraged regional investors, with U.S. companies including Panera Bread Co., The Madison Square Garden Co. and Inc. proving hot picks for regional investors in Q1. In order of ranking, Saxo Bank’s top five most traded stocks by regional investors in Q1 2017 were: Unilever Plc, Panera Bread Co., The Madison Square Garden Co., Danone and Inc.

While the improvement of global economic data in Q1 had a positive impact on U.S. reflation trade, the positive return in equities may yet belie intensifying doubts about Trump’s ability to overhaul taxes, loosen Wall Street regulations and boost infrastructure spending – all of which could curtail recent growth. Until then, U.S. markets look set to continue to perform, according to Mario Camara, Head of Saxo Bank Dubai.

“Many experts seem intent that U.S. equities are due for a correction in coming weeks and months. While that remains to be seen, what cannot be argued is that regional investors have responded very positively to the Trump effect in Q1. Our regional clients have reacted very positively to the high performance of U.S. markets and their ongoing resilience, as highlighted by the Nasdaq Composite Index closing at a milestone of 6,000 for the first time ever in the last week of April,” said Camara.

The most traded Q1 stocks on the SaxoTraderGO platform, globally, were Apple, Amazon, Facebook Inc., Goldman Sachs and Alibaba.


About Saxo Bank

Saxo Bank Group (Saxo) is a leading multi-asset trading and investment specialist, offering a complete set of investment and trading technologies, tools and strategies.

For almost 25 years, Saxo’s mission has been to enable individuals and institutions by facilitating their access to professional investing and trading through technology and expertise.

As a fully licensed and regulated bank, Saxo enables its private clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology.

Saxo’s award winning trading platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.

Founded in 1992 and headquartered in Copenhagen, Saxo employs more than 1500 people in financial centres around the world including London, Singapore, Paris, Zurich, Dubai and Tokyo.


Source: MCS Action