Starting October 5, 2026, the Singapore Exchange (SGX) will reduce the standard board lot size for stocks priced above $100 from 100 units to just one unit. This change aims to make investing in Singapore's major banks, such as UOB, OCBC, and DBS, more accessible to a broader range of investors. Previously, purchasing a single share of these high-priced stocks required a significant financial commitment, potentially deterring smaller investors.
The reduction in board lot sizes is part of SGX's broader initiative to enhance market accessibility and affordability. For stocks priced between $10 and $100, the board lot size will decrease from 100 units to 10 units. This adjustment is expected to lower barriers to market participation and encourage more retail investors to engage with the Singapore stock market. SGX plans to review the impact of these changes quarterly, with the next assessment scheduled for January 2027, to determine if additional instruments can qualify for reduced board lot sizes.
In addition to the board lot size reduction, SGX announced that, starting July 15, 2026, broker custody accounts will be permitted to hold multiple clients' securities. This move aligns with global practices and aims to enhance investor protection through stricter oversight and improved service standards. By allowing depository agents to hold securities on behalf of clients in omnibus broker custody accounts, SGX seeks to streamline the custody process and provide better security for investors' assets.
These initiatives reflect SGX's commitment to fostering a more inclusive and secure investment environment, making it easier for both new and existing investors to participate in the Singapore stock market.