In my last blog post, I mentioned that while the size of the Singapore Exchange (SGX) pond (i.e. no. of shares listed on it) has became slightly larger over the last 8 years, the size of fish (i.e. average price of each share) in the pond has became smaller. Does the size of fish matters? Here, I tracked the performance of shares that retained their original stock codes over the 8-year period from May 2006 till May 2014 and measured whether they have performed worse (posting more than 10% loss), the same (posting between 10% loss and 10% gain), or better (posting more than 10% gain). The results are shown in Figure 1 below. In total, there are 442 shares out of 709 shares in May 2006 that retained the original stock code. Shares that changed their stock codes due to corporate actions such as bonus issues …