Insights

Saxo reveals its Australian clients’ top 5 most popular shares

Australian investors aren’t just looking at ASX shares for big gains. Saxo Bank reveals the 5 most popular shares amongst its Aussie clients.
The post Saxo reveals its Australian clients’ top 5 most popular shares appeared first on The Motley Fool Australia. –

cards spelling out top 5 pegged to a rope

Australian investors are known to have a penchant for investing in ASX shares.

Part of that is because we’re familiar with them. Part of that is because we like to support the home team. And part of that is because investing internationally used to be more expensive and more complicated.

But all of that is changing.

According to Saxo Bank, only 2 of the most popular shares among its Aussie clients in the first quarter of 2021 were ASX shares. The other 3 were listed in the United States.

What were the 5 most popular shares for Saxo’s Aussie clients?

Earlier today Saxo revealed the 5 most popular shares for its Australian client base were…drum roll please…

  1. Tesla Inc (NASDAQ: TSLA)
  2. Westpac Banking Corp (ASX: WBC)
  3. Zip Co Ltd (ASX: Z1P)
  4. GameStop Corp (NYSE: GME)
  5. AMC Entertainment Holdings Inc (NYSE: AMC)

Commenting on investor interest, Saxo Market’s Head of Equity, Peter Garnry said:

Global equities continued the upward momentum in the first quarter amid increased volatility, which was especially evident in several the heavily shorted stocks in the beginning of the year such as GameStop and AMC. Many of these names continue to attract retail interest although some of the hype seems to have faded.

Garnry urged investors to proceed with extreme care when trading in these types of shares with “unprecedented high volatility”.

Tesla takes the pole position

Pointing to Tesla, the most popular share among Saxo’s Aussie clients in the first quarter of this year, Garnry said:

Tesla remains a popular stock with Saxo Bank’s clients and the increasing competition is somewhat at odds with the current valuation of Tesla. But the company continues to surprise to the upside with Q1 delivery numbers at 170,000 vehicles, which was above analysts’ estimates… However, Tesla’s free cash flow generation remains stretched given the rise in competition which will be the long-term theme for investors to watch.

Saxo’s recommendations

Looking at the list of top 5 most popular shares for its Australian clients, it would appear few are taking heed of Saxo’s own advice, instead chasing after the shares making big news for their big gains.

However, Garnry cautions:

Our view remains that during the incoming reflationary environment investors should increase their exposure to the commodity sector and high-quality companies with low debt leverage. The rising interest rates are likely to create a downward adjustment of equity valuations in the most speculative growth segments such as bubble stocks, e-commerce, gaming, green transformation, and next-generation medicine stocks.

He adds that the investment bank believes shares in cyclical sectors will outperform as the global economy recovers and inflation makes itself known.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Saxo reveals its Australian clients’ top 5 most popular shares appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!