SGX board lot reduction kicks in for 11 stocks, including the three S’pore banks

The Singapore Exchange (SGX) has implemented a reduction in board lot size for 11 stocks, including major financial institutions such as DBS, OCBC, and UOB. The change, which took effect on October 5, aims to make these pricier stocks more affordable for retail investors by lowering the minimum trading quantity from 100 units to 10 units for stocks priced between $10 and $100, and to just one unit for stocks priced above $100.

This move is expected to lower barriers to market participation and improve affordability for a broader range of investors. The Straits Times Index, which comprises the 11 stocks, saw a slight increase of 0.15% during the morning trading session on October 5, with DBS shares rising by 0.43% to $77.53. The SGX will conduct quarterly reviews to assess if additional securities qualify for the reduced board lot size, with the next review scheduled for January 2027.

Brief written by urgent.news from Straits Times Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.