SGX stock price rises as Singapore Exchange proposes smaller board lots; Feb 13 deadline looms
Shares of Singapore Exchange rose 1.1% to S$17.49 Friday afternoon, near a 52-week high. SGX plans to cut standard board lot sizes for higher-priced securities, aiming to lower minimum investment amounts. The Monetary Authority of Singapore launched a S$5 billion initiative to support local equities, with S$1.1 billion allocated to asset managers. Public consultation on SGX’s proposal ends Feb. 13.