I walk through SGX’s October lot-size change with Angela: DBS, OCBC, UOB and eight others drop from 100-share to 10-share minimum lots. That slashes the entry ticket from ~S$7,500 to ~S$750 for DBS at ~S$75, but these 11 counters already drive 35% of SGX volume. We unpack what the 2015 cut actually achieved, why odd-lot holders benefit, and why this is a market-structure tweak, not a buy signal.
Key takeaways:
11 counters (DBS, OCBC, UOB, SGX, Great Eastern, Haw Par, JYC, Jardine Matheson, Keppel, Prudential, Venture) shift to 10-share lots on 5 Oct
Minimum ticket for DBS falls ~10× in dollar terms at current prices
Existing odd-lot holders (e.g. 40 shares) convert to clean 10-share lots; 41 shares still leaves one odd share
2017 NUS study found higher liquidity post-2015 cut, especially in higher-priced stocks
SGX will review eligibility quarterly; next batch potentially in January
Iggy’s Forensic Disclaimer
This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.
