PROFILE:
Overview of The Singapore Stock
Market
By Nallakaruppan.S |
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1. History | |||||||||
Formally started on 21 March 1960, 10 Stockbroking firms from S'pore & 7 from | |||||||||
Malaysia | |||||||||
In 1973 S'pore & Malaysian Stock Exchanges split | |||||||||
Currently 27 Stockbrokers & 28 Derivative Trading Members | |||||||||
2. Trading Hours | |||||||||
Morning : 8.30 a.m. to 12.30 p.m. | |||||||||
Afternoon : 2.00 p.m to 5.05 p.m. | |||||||||
3. Trading System | |||||||||
Shares traded on a scripless basis | |||||||||
Highest Buyer's Price & Lowest Seller's Price will be matched | |||||||||
Ready , Odd-Lot & Buy-In Markets | |||||||||
4. Instruments Traded on the Stockmarket | |||||||||
Shares | |||||||||
Warrants | |||||||||
Bonds / Loanstocks | |||||||||
Exchange Traded Funds | |||||||||
Single Stock Futures | |||||||||
Index Futures | |||||||||
5. Transaction Costs | |||||||||
Varies from Broker to Broker but generally as follows : | |||||||||
0.5 % Brokerage fees for trades below S$ 50,000 (Lower fees for higher amounts) | |||||||||
0.05 % Clearing fees | |||||||||
3 % GST on Brokerage & Clearing Fees | |||||||||
6. Investment Methods | |||||||||
Dealer | |||||||||
Remisier | |||||||||
Internet Trading : Some Internet Trading Sites : www.dbsvickers.com, | |||||||||
www.uobkayhian.com | |||||||||
7. Sources of Information | |||||||||
Singapore Exchange Journal "Pulses" - S$ 5 cost, Monthly Issue | |||||||||
Shares Investment Facts & Figures - S$ 6 cost, Bi-Monthly Issue | |||||||||
The Straits Times, Business Times, Annual Reports | |||||||||
Internet Websites - www.shareinvestor.com , www.wallstraits.com, | |||||||||
www.commerceasia.com | |||||||||
8. Companies Traded on the Market | |||||||||
Mainboard | |||||||||
Multi Industry, Manufacturing, Commerce, Transport/Storage/Communications, | |||||||||
Finance, Construction, Property, Hotels/Restaurants, Services | |||||||||
Sesdaq | |||||||||
Manufacturing, Commerce, Constuction, Hotels/Restaurants,Services, Agriculture | |||||||||
Xtranet | |||||||||
Exchange Traded Funds | |||||||||
Bonds, Loanstocks & Warrants | |||||||||
9. Modes of Payment | |||||||||
Cash - Shares will be held in your Central Depository A/C | |||||||||
CPF - Shares will be held in your Investment Bank Account | |||||||||
10. Settlement Period | |||||||||
Purchases & Sales : Trade Day + 3 Days | |||||||||
Contra : Within 4 Market Days | |||||||||
11. Market Barometer | |||||||||
Straits Times Index - component of 45 stocks, 10 December 2002 closed @ | |||||||||
1,367 points. | |||||||||
12.Stock Picking | |||||||||
Fundamental Analysis | |||||||||
Earnings Per Share - Group Net Profit After Tax / Number of Shares Issued | |||||||||
Price Earnings Ratio - Market Price / Earnings Per Share | |||||||||
Net Book Value- Net Tangible Assets of the Company / Number of Shares Issued | |||||||||
Gross Dividend Yield - Gross Dividend / Market Price of Share | |||||||||
Technical Analysis | |||||||||
Charts - Bar Chart, Line Chart, Candle Stick etc. | |||||||||
Moving Averages, MACD Indicators, RSI Index etc. | |||||||||
13. Investment Suggestions | |||||||||
Invest within your means | |||||||||
Don't Invest more than you can afford to lose | |||||||||
14. Happy Investing | |||||||||
Fixed Deposits - Low Risk & Low Return | |||||||||
Bonds & Unit Trusts - Medium Risk & Return | |||||||||
Stocks - Higher Risks & Return | |||||||||