SGX to cut board lot size from Jan 19 next year

Change will impact minimum number of shares investors can apply in an IPO

MARK this date - Jan 19, 2015. That's when retail investors will be able to start buying securities listed on the Singapore Exchange (SGX) in smaller lots of 100 units from 1,000 units currently.

In a statement on Monday, SGX said the reduction in standard board lot size of securities listed on the exchange from 1,000 to 100 units will make it more affordable for retail investors to invest in a wider range of equities.

"The reduced board lot size will benefit all investors and make it easier to invest in blue chips and index component stocks which tend to be higher-priced. It will also allow institutional investors to better manage their risk exposures through finer asset allocation of funds,"...

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