Singapore Exchange Limited (SGX: S68) has halted trading on the securities and derivatives markets as of 2:51pm Singapore time today citing connectivity issues and is investigating the issue, according to a statement on its website.
Both Alibaba and Singapore Post Ltd (SGX: S08) had announced on Wednesday that the Chinese e-commerce giant will buy a 10.35% stake in Singapore Post for S$312.50 million (US$249 million) as part of a strategic cooperation deal. Continue reading “Alibaba to Buy 10.35% Stake in Singapore Post”
The Singapore Exchange (SGX) is seeking the public views and regulatory approval on reducing the standard board trading lot size from the current 1,000 units to 100 units and eventually to 1 unit, citing that the move will beneift the public as individuals as they will no longer be restricted to investing in lower-priced shares. Many of the index component stocks and blue chips are trading at higher-price, with the component stocks trading at an average of S$8.94 per unit. With the trading lot size at 1,000 units, the investor will have to fock out S$8,940 per lot of component stock they purchase, less any transaction fees. Continue reading “SGX Seeking to Reduce Trading Lot Size”