How To Sell Odd Lots of Shares in Singapore

| October 15, 2010 | 9 Comments

how to sell odd lots singaporeNormally, Singapore stocks are traded in even lots – e.g. 1000 shares, 2000 shares, and so on. If you end up with odd lots, e.g. 100 shares, 300 shares, and so on, then you need a way to sell them off. You might have gotten odd lots through a bonus issue or some other mechanism, but in any case, you’ll realise that you can’t sell odd lots off in the normal market.

There’s a way to do this though. For instance, if you’re using POEMS: Login, go to Stocks, and then Unit Share. The Unit Share page allows you to sell off your odd lots. The good thing about selling off your odd lots here is that the brokerage cost is only $10 per trade, as compared to the usually minimum of $25.

The bad thing about selling odd lots is that you need to be really, really patient. Selling odd lots is a lot harder because activity for odd lots trading is lower than the normal market. Also, you may not always find a “perfect match” for your buy/sell order. This is because trading is done in an “all or none” fashion, where you can only sell all of your desired shares, or none at all. This means that there must be a ready buyer/seller of that exact number of shares.

It is generally not recommended to go through Unit Share to buy odd lots, but if you have to offload some odd lots, then this would be the most convenient place.

Tags: , , , , , , , , ,

Category: Singapore Stock Market Help

About the Author ()

John Tan has been Vice President of BlueTrust Investments Corporation for 6 years since the mid-90’s. He has since moved on, to be a professional full-time trader.

Comments (9)

Trackback URL | Comments RSS Feed

  1. Frankie says:

    Thanks for posting about this.

  2. Donovan says:

    what if I am using UOB Kay Hian, how to sell away my odd lots of 1700 shares? How much is the brokerage cost? Thanks for your reply.

    • ProfitFan says:

      Sorry…afraid we don’t use UOB Kay Hian, but try calling them to ask about it – they should help you with that.

  3. sgoh says:

    thank you very much

  4. Larry says:

    Since it is generally not recommended to go through Unit Share to buy odd lots, and everyone follows that advice, then I might have difficulty offloading my unit shares.

    Are there other alternatives to buy units shares?

    Thanks

    • ProfitFan says:

      There’s actually quite a lot of people trading unit shares (because of bonus issue, share split, etc). People want to buy unit shares to make their shares rounded up to the next lot, or sell them off, so there’s still quite a bit of activity.

  5. Thomas says:

    Thanks, worked for me

  6. gjj says:

    thanks SO much for sharing this info :)

  7. aiyoh says:

    thanks.it’s very useful

Leave a Reply