Too early to judge impact of smaller board size

THOSE sceptical of the Singapore Exchange's (SGX's) move to reduce the board lot from 1,000 to 100 shares might think not a lot has changed after the first day's trading volume amounted to just 1.2 billion units worth S$897 million, a fair bit lower than last week's average daily of S$1.13 billion.

However, SGX said after the market closed that there was appreciable demand for 100-share lots of the highest-priced counters such as those from the Jardine group, Keppel and the banks. Also, despite th…