DBS tops trades in smaller board lots on debut of revised SGX framework
Jardine Matheson Holdings sees strongest adoption, with one-third of day’s trades executed in 10-share lots
On Monday, October 5, the Singapore Exchange (SGX) introduced a revised framework for board lot trading, reducing the minimum ticket size for certain stocks from 100 shares to 10 shares. DBS emerged as the top performer among the 11 stocks subject to reduced board lot trading, with approximately 5,000 trades executed in 10-share lots.
This represented about a third of all trades for the day, compared to over 13,000 trades in 100-share lots. Among the high-priced stocks, DBS and Jardine Matheson Holdings (JMH) saw the greatest adoption of 10-share lots, with a median trade size of 20 shares for each. The move aimed to enhance accessibility and flexibility in trading higher-priced securities, allowing investors to build and adjust positions in smaller increments.
SGX noted that eight out of the 11 stocks with reduced board lot sizes recorded higher average daily turnover compared to the previous trading day, indicating stable liquidity despite softer market-wide trading activity.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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