Dealing with smaller board lot sizes

THE Singapore Exchange (SGX) will make a long-awaited change today to cut the size of its minimum trading unit - known as a standard board lot - from 1,000 to 100 shares.

For the retail investor, the change means easier access to certain stocks which had a high absolute share price in the past, like the three local banks.

More importantly, those who want to practise their stock-picking skills now need to commit less money to purchase some of the most liquid and financially strong stocks on SGX.