Information on Trading on SGX
From Financial Literacy Wiki
Trading on SGX
Below are some information when trading stocks on the SGX
Contents |
Trading hours
The trading hours on the SGX are 0900 to 1230 hrs and 1400 to 1700 hrs from Monday to Friday. Similar to major exchanges, it is closed on weekends and public holidays.
Board Size
Most of the stocks in Singapore are traded in board lots of 1000 shares. But there are other stocks that list their shares in several board lots, for example SingTel whose share are traded in board lots of 10, 100 and the traditional 1000.
Transaction Costs
When buying and selling shares in Singapore, you would need to pay the following charges.
- Brokerage commission (depends on the method of trading and broker).
- Stock Exchange Clearing Fee (0.05% of contract value).
- Prevailing GST on the sum of brokerage commission and clearing fee.
- Contract stamp duty (0.05% of contract value)
Settlement
The SGX operates a “ready” settlement system where the due date of share transactions is three market days after the contract date. Under this scheme, shares purchased must be paid for within three market days. When you sell shares, you must have shares in your CDP securities account available for debiting on or before the due date. For both buying and selling, if the due date is a public holiday, the next market day becomes the due date.
Minimum Bids
Types of Transactions
Please read Types of Transactions on SGX
Payment of Shares
Please read Electronic Payment System - Shares
