Am I restricted to buying stocks in multipliers of 1000? - Seedly
Seedly logo
Seedly logo
Ā 

Stocks Discussion

Investments

Anonymous

Asked on 07 Nov 2019

Am I restricted to buying stocks in multipliers of 1000?

Quick question on lot size: if the minimum of lot size is 1000, can I buy 1500? Or it has to be a multiplier of 1000?

0 comments

3 answers

Answer Now

Answers (3)

Sort By

Eric Ong
Eric Ong, Project Analyst at 8Bit Global
Level 6. Master
Answered on 07 Nov 2019

It wil largely depends on the market and company you invest into.

For Example, in US Market, it is trasacted in 1 unit, i.e. 1 lot = 1 unit.

For Taiwan Market, their stock are mainly traded in 1000 multiple.

For Japan and Hong Kong wise, it varies, it may be 1000, 2000, 100. So depends on the company it self.

For Malaysia and Singapore, it is in multiple of 100.

0 comments

šŸ‘ 3

You don't need to buy a whole number of lots. However, the fractional lot of your order will be considered an 'odd lot' and traded seperately - odd lots tend to have less liquidity and you have slightly inferior price.

3 comments

šŸ‘ 1

1 more comments

Kelly Trinh
Kelly Trinh

07 Nov 2019

There is different bid/offers for odd lots - the price may be slightly inferior as the brokerages/banks would be buying the odd lots and consolidating them (to be multiple of standard lot size) for resale, and the price gap between odd lots / standard lots would be the compensation of the additional effort involved.
Question Poster

07 Nov 2019

Cool, thank you!
Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 9. God of Wisdom
Answered on 07 Nov 2019

The lot size has already changed to 100 min shares on the mainboard SGX.

There is still the odd lots market that caters to those who want to trade in odd lots less that 100 shares.

0 comments

šŸ‘ 0