Tuesday, July 15, 2008

Non board lots trading in SGX market

There are shares such as SIA 200, OCBC preference shares NPC 100, Creative 50, these shares trade in terms of the volume as stated in their counter.

Sometimes, ppl who trade 5 lots SIA 200 and wanting to sell them under SIA as 1 lot. This means submitting the order as a different symbol. If the SIA 200 is a free balance, most likely i guess, one can sell it as a board lot under SIA symbol.

Ok back with some answers..as long you have the appropriate number of shares for that 1 lot of SIA, you can sell them under the different symbol as the quantity is right despite having the counter not being a free balance.

Free balance simply means you have paid for the shares.

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