What US stocks do Singapore clients invest in this March?

Singapore clients had more appetite for US stocks as the IMX was measured 4.34 in March.

TD Ameritrade Singapore said its Singapore Investor Movement Index (IMX) grew to 4.34 in March from 4.29 in February. 

Singapore clients increased exposure further and remained net buyers of equities. The clients in the Lion city and overall TD Ameritrade population were net buyers of First Republic Bank as firm’s shares fell more than 88% over worries regarding uninsured deposits.

TD Ameritrade Singapore clients are also net buyers The Walt Disney Co and Alibaba.

Clients in Singapore and overall client population sold Apple as shares show resilience despite economic slowdown.

“TD Ameritrade Singapore clients sold FedEx into strength after the shipping company reported earnings that beat street expectations,” added the online broker.

Greg Baker, CEO of TD Ameritrade Singapore, said, “In March, the Singapore IMX score continued the steady climb it began in November ’22. The month was full of surprises. Globally, our clients seemed to take a neutral stance, but in Singapore, our clients took the opportunity to increase exposure to the markets, suggesting a more bullish sentiment among retail investors in the region.”

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