Normally, 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.
Category: Singapore Stock Market Help