SINGAPORE - The reduction in minimum lot sizes sparked muted interest from investors on Monday morning.
Remisiers say they were not expecting a surge in trading volumes or investor interest, though there has been some nibbling at blue chip stocks.
The Singapore Exchange's (SGX) reduction of minimum lot sizes from 1,000 shares to 100 shares took effect on Monday (Jan 19). The change means component stocks of the Straits Times Index (STI) such as DBS Group Holdings, United Overseas Bank (UOB) and Singapore Airlines will come within reach of more retail investors.
Remisier Alvin Yong said that it has been largely business as usual.
"So far there has not been much impact on trading volumes...Most trades are still carried out in lots of thousands," he added.
Mr Desmond Leong, a remisier at Phillip Securities, said there "has been some interest", with slight activity in blue chip stocks like DBS.
Brokers noted that the change was not expected to result in an immediate surge of investor interest and trading volumes.
This has been attributed to various factors, including transaction fees staying the same and downbeat market sentiment in recent weeks.
"This is a relatively small event, for instance compared to Hong Kong and Shanghai linking up exchanges. No big increase in volume was expected," said Mr Yong.