Selected 11 stocks see immediate uptake of smaller board lot sizes on SGX
10-share trades surged on first day of SGX board lot reduction, with over 20,000 executed.
On Oct 6, the Singapore Exchange (SGX) announced that investors had immediately embraced the reduced board lot sizes for 11 higher-priced securities. This change came into effect the previous day, on Oct 5. The 11 stocks were DBS, Great Eastern Holdings, Haw Par Corporation, Jardine Cycle & Carriage, Jardine Matheson Holdings, Keppel, OCBC, Prudential, SGX, UOB and Venture Corporation. These stocks, priced between $10 and $100 per share, accounted for 35% of trading activity on the SGX in the first half of 2026.
The reduction in board lot sizes from 100 units to 10 units for these higher-priced securities aims to increase accessibility and trading flexibility. For example, an investor could build a 100-share position in DBS by purchasing the stock in increments of 10 shares throughout the trading day. This allows for better management of capital and more precise cost averaging.
In reality, 10-share lots were traded considerably more frequently than the traditional 100-share lots on Oct 5, with more than 20,000 trades executed. In nine out of the 10 actively traded stocks, 10-share lots were the most common trade size, with DBS leading at around 5,000 trades. However, Keppel was an exception, with 100-share lots remaining the most popular trade size.
Liquidity for the initial cohort of these 11 stocks remained relatively stable by Oct 5, with eight of the 11 recording higher 2H26 average daily turnover than on Oct 2. This suggests that the market responded positively to the move. Young investors also praised the change, stating that it makes investing in the local equities market more accessible and less intimidating.
The STI, which tracks the performance of 30 major stocks on the SGX, rose by 0.52% to 5,664.33 by the end of the morning trading session on Oct 5. The gains continued on Oct 6, with the index up 0.7% to 5,701.54. Major local banks such as DBS, UOB, and OCBC also saw gains, while Venture Corp experienced a decline of 1.5% and Keppel a slight drop of 1.3%.
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Also reported by 1 other outlet
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