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Selling Rights/Scrips/Odd Lots
By Azrael's Financial Cents  •  October 16, 2016
This is kinda a stupid post for many but I decided to write it anyway since I didn't know it until now. I think for those of you who applied for Rights, Scrips, etc, you tend to get odd lots (shares less than the standard 100 lot, or whatever the number for your counter). For the US exchanges, I don't have such an issue, you can trade even 1 share, but that's because they have volume unlike us (and lower brokerage fees too =). So how do we sell odd lots? I'm using LimTan as an example as it is the brokerage I use:
  • Set the filters of the option Market to "SGX UnitShare"
  • Look for your stock and sell it.
Do note that the same commission system (minimum brokerage hurts) applies for normal shares applies to the Unit Share market for Odd lots. From the way it looks, there ......
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By Azrael's Financial Cents
Azrael is the author behind Azrael's Financial Cents, a personal diary of his journey towards Financial Freedom. Hopefully, while sharing his experience, he can help his readers and better himself too.
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