In the wake of the penny stock rout last October, both MAS and Singapore Exchange has jointly proposed a couple of major changes to the share trading rules in Singapore. The objective is simple : making share investment more accessible while reducing highly speculative trading.
Following are the four key upcoming changes :
1. Reduced Lot Size (from January 2015)
From January 2015, the lot size of 1,000 shares will be reduced to 100 shares. This will benefits retail investors the most as the blue-chip counters will be more accessible to us.
2. Minimum share-price for mainboard-listed shares (from March 2015)
From March 2014, all mainboard-listed shares will need to have a minimum trading price of 20 cents. It will be carried out over 12-month transitional period. So far, an estimated 200 firms may be affected by this rule.
3. No more "contra trading" without collateral (from mid-2016)
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