According to investment platform, eToro, Walt Disney is the most popular stock on the platform among Malaysians investors in March, with a 196 percent increase.
“While Walt Disney stock fell by 18 percent in March following a significant sell-off in company shares due to the Covid-19 outbreak, Malaysian investors are taking advantage of this situation by scooping up Disney stocks at a discount,” said Paul Familiaran, Head of Southeast Asia, eToro.
Mastercard’s stock also saw a similar increase where the stock jumped from 20th to 10th place with a 277 percent increase last month, fuelled by lower prices.
eToro also highlighted that Advanced Micro Devices (AMD) remains to be a popular stock in March due to the pandemic’s role in promoting the video game industry, creating a surging market demand for CPU. Investors are optimistic of the company’s future.
“Many retail investors are investing in the companies we are all turning to help us weather the COVID-19 storm like Alibaba, Amazon and Disney. For any investor, it is important to remember to take a long-term view. Yes, it makes sense for investors to review their portfolios, but the most important thing is for investors not to panic,” Familiaran commented.
