Singapore

Sound Economy – Singapore’s high savings rate, large current account surplus, flexible markets, sizeable foreign currency reserves and sound economic policies have received wide-ranging approval from international investors.

Extensive Infrastructure – Singapore’s pro-business environment and infrastructure makes it a strategic location for corporations with global operations. Singapore was ranked the most cost competitive place for business amongst nine industralised countries according to KPMG Competitive Alternatives Study, 2006 and third in world overall competitiveness according to IMD World Competitiveness Yearbook 2006.

Pioneer Online – Phillip’s On-line Electronic Mart System (POEMS), developed by Phillip Securities, is Singapore’s first electronic on-line trading system to harness the latest technology to complement existing trading capabilities for investors.

Since its introduction in 1996, POEMS has become the leading and preferred trading system in Singapore with thousands of satisfied clients. With the launch of online trading, investors can now trade directly to the Singapore Exchange (SGX) at the click of a mouse.

Trading Hours

With effect from 13 November 2017, SGX-ST trading hours will be changed with the introduction of a midday trading break from 1200h to 1300h, during which investors may manage their orders and the indicative equilibrium price will be published. The break will end with an auction before continuous trading resumes at 1300h.

Normal Day Trading Half Day Trading
Opening Routine
Pre-Open 0830 to 0858 – 59* 0830 to 0858 – 59*
Non-Cancel 0858 – 59 to 0900 0858 – 59 to 0900
Trading 0900 to 1200 0900 to 1200
Mid-Day Break
Pre-Open 1200 to 1258 – 59* n/a
Non-Cancel 1258 – 59 to 1300 n/a
Trading 1300 to 1700 n/a
Closing Routine
Pre-Close 1700 to 1704 – 05* 1200 to 1204 – 05*
Non-Cancel 1704 – 05 to 1706 1204 – 05 to 1206

* The Pre-Open/Close phase ends randomly at any time within this one minute window and the Non-Cancel phase begins immediately after.

For more information on SGX trading hours, you may refer to the SGX website.

For Foreign Markets, please click here.

Note:

Bid Size

Product Price Range ($) Minimum Bid Size ($)
Stocks (excluding preference shares), Real Estate Investment Trusts (REITS), business
trusts, company warrants and any other class of securities or Futures Contracts not
specified in the rows below
Below 0.20 0.001
0.20 – 0.995 0.005
1.00 and above 0.01
Structured warrants Below 0.20 0.001
0.20 – 1.995 0.005
2.00 and above 0.01
Exchange traded funds and exchange traded notes All 0.01 or 0.001 as SGX-ST determines
Debentures, bonds, loan stocks and preference shares All 0.001
Product Price Range ($) Minimum Bid Size ($) Forced Order/Bid Size Range
Stocks (excluding preference shares), Real Estate Investment Trusts
(REITS), business trusts, company warrants and any other class of
securities or Futures Contracts not specified in Rule 8.3.3
Below 0.20 0.001 +/- 30 bids
0.20 – 0.995 0005
1.00 and above 0.01
Structured warrants Below 0.20 0.001 +/- 30 bids
0.20 – 1.995 0005
2.00 and above 0.01
Exchange traded funds and exchange traded notes All 0.01 or 0.001 as SGX-ST determines +/- 30 bids
Debentures, bonds, loan stocks and preference shares quoted in the $1 price convention All 0.001
Debentures, bonds, loan stocks and preference shares quoted in the $100 price convention All 0.001 +/- 1,000 bids
Product Price Range (HK$) Minimum Bid Size (HK$)
Securities denominated in
Hong Kong Dollar
Below 0.25 0.001
0.25 – 0.495 0.005
0.50 – 9.99 0.01
10.00 – 19.98 0.02
20.00 – 99.95 0.05
100 – 199.90 0.1
200 – 499.80 0.2
500 and above 0.5
Product Price Range (¥) Minimum Bid Size (¥)
Securities denominated in
Japanese Yen
Below 2,000 1
2,000 – 2,995 5
3,000 – 29,990 10
30,000 – 49,950 50
50,000 – 99,900 100
100,000 and above 1,000

For more details on minimum bid size, you may refer to the SGX website.

Fees & Charges
SGX Market

POEMS Online / Mobile Broker – assisted
Contract Value Phillip Investment Account – Prepaid (CC) Other Accounts All Accounts
up to SGD50,000 0.18%* 0.28% 0.50%
>SGD50,000-SGD100,000 0.18%* 0.22% 0.40%
>SGD100,000 0.18%* 0.18% 0.25%
Minimum S$25^* S$25^ S$40^

^Note: the minimum brokerage amount for counter not traded in SGD will be converted from S$ and at the prevailing exchange rate

Plus Clearing Fees of 0.0325%#  & SGX Trading Fee## of 0.0075% on the contract value and GST on brokerage, Clearing Fees & SGX Access Fee. 
(Brokerage is calculated on a flat rate)

#except for Structured Warrants which will be at 0.004% of contract value
##Trading fees for structured warrants is 0.001% of contract value from 2 March 2015

*Promotional rates of 0.12% and minimum S$10 will apply with effect from 2 January 2017. For more information, please click here.

For International Markets, please click here.

2017 Non-Trading Days

Month Day Date Holidays Settlement Trading Day
January Sunday 1 January New Year’s Day No No
Saturday 28 January# Chinese New Year No No
Sunday 29 January* Chinese New Year No No
April Friday 14 April Good Friday No No
May Monday 1 May Labour Day No No
Wednesday 10 May Vesak Day No No
June Sunday 25 June* Hari Raya Puasa No No
August Wednesday 9 August National Day No No
September Friday 1 September Hari Raya Haji No No
October Wednesday 18 October Deepavali No No
December Monday 25 December Christmas Day No No

# The preceding Friday, 27 Jan 17, is a half-day trading day.

* The following Monday will be a public holiday.


1. How much are the dividend charges?

Dividend Dividend Charges
Cash Dividend 1% on net dividend subject to min of S$1.07 and capped at S$53.50 (inclusive of GST) + Foreign broker fees and taxes (if applicable)
Scrip Dividend S$10.70 (inclusive of GST) + Foreign broker fees and taxes (if applicable)

Accounts with multicurrency facility will receive the cash dividend in declared currency unless otherwise determined by the issuer/PSPL.


 

2. How much are the corporate action charges?

Types of services Cash Offer, Rights Issue, Privatisation Exercise, Merger & Exchange, Cash In Lieu, Liquidation, Redemption of Warrant, Loan Stock or Bonds, Capital Distribution, Tender Sales, Warrant Conversion
Fees and charges S$10.70 (inclusive of GST) + Foreign broker fees and taxes (if applicable)


Risk Disclosure

Transactions on markets in other jurisdictions may expose you to additional risks. Such markets  may be subjected to rules that may offer different or diminished investor protection. Before entering into such trades, you should be aware of the rules relevant to the particular transactions. The potential for profit or loss from transactions on foreign markets or in foreign currency- denominated securities will be affected by fluctuations in foreign exchange rates.