SGX and MAS yesterday announced a slew of measures to reform the Singapore stocks markets. I would like to let readers know my thoughts on each of the proposed measure. First of all, the minimum lot which investors can buy will become 100 shares instead of 1000 shares. This according to the authorities will allow more retail investors to have a share in blue-chip stocks, which are often quite expensive to retail investors will a smaller capital than institutional investors. For example, under the current minimum of 1000 shares, an investors needs around $9900 just to buy one lot of OCBC; but with the new minimum of 100 shares, an investor just needs to fork out $990 to be invested in OCBC stock. Well, the rationale seems fine, but it seems to me that with a smaller lot bought, not only will retail investor will gain lesser profits with a ......