SGX to reduce board lot size to 100 shares
SHARES could soon be traded in board lots of 100 shares under a proposal from the Singapore Exchange (SGX) unveiled on Monday - a ground-breaking move that would bring many more retail investors into the market.
Pricey blue chips, which are out of reach for many smaller investors given they now have to buy at least 1,000 shares at a time, would suddenly be affordable.
The move to reduce the lot size from 1,000 now to 100 shares could occur by as early as the first quarter of next year.
There is even a longer-term plan to get lots down to just one share but this will take at least another two years after the 100-share lot is implemented.