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Investor Movement Index for SG clients drops to 6.10 in April

The drop was attributed to the "light" demand for equities at the beginning of the month.

TD Ameritrade’s Investor Movement Index (IMX) for its Singapore clients dropped to 6.10 in April, from a previous score of 6.13 in March.

The MAS-licensed broker said the drop in the index was likely due to the "light" demand for equities at the beginning of April which eventually accelerated as major "U.S. market indices continued their strong pullback below key support levels."

Overall, TD Ameritrade said their SG clients were "cautious," but  were "net buyers of equities overall." Most of them engaged in light selling in the Materials, Healthcare Utilities, and the Consumer Staples sectors. Of the four sectors, only Consumer Staples finished the month in positive territory.

SG investors also favoured some high beta semiconductor names, such as NVIDIA Corp. (NVDA) and Advanced Micro Devices Inc. (AMD), according to TD Ameritrade.

Apart from NVDA and AMD, most SG investors also bought stocks from Twitter Inc. (TWTR), Amazon.com Inc. (AMZN), and SoFi Technologies Inc.; and sold their shares in American Airlines Group Inc. (AAL), Exxon Mobil Corp. (XOM), Pfizer Inc. (PFE), Warner Bros. Discovery Inc. (WBD), and Walmart Inc. (WMT).
 

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