The economy of Singapore is a highly-developed free-market economy. Singapore's economy has been ranked by the World Economic Forum as the most open in the world, the 3rd-least corrupt by Transparency International, the most pro-business by the World Bank and the highest degree of economic freedom in the world. Singapore has low tax-rates and the second-highest per-capita GDP in the world in terms of purchasing power parity (PPP). The Asia-Pacific Economic Cooperation (APEC) is headquartered in Singapore. According to the International Monetary Fund, the country's per capita GDP (PPP) was at $101,458 (2020). The Monetary Authority of Singapore (MAS) functions as its central bank and financial regulatory authority.

Epicenter Stocks in SG

DBS

DBS Bank Ltd is a Singaporean multinational banking and financial services corporation headquartered in Marina Bay, Singapore.

The bank's strong capital position, as well as "AA-" and "Aa1" credit ratings by Standard & Poor's and Moody's that are among the highest in the Asia-Pacific region, earned it Global Finance's "Safest Bank in Asia".

In July 2019, DBS became the first bank ever to concurrently hold three of the most prestigious global best bank honors (Euromoney, Global Finance, The Banker). In addition, DBS Bank is listed on the Dow Jones Sustainability Asia Pacific Index since 2 October 2018, making it the first bank in Southeast Asia to do so.

OCBC

Oversea-Chinese Banking Corporation (OCBC) Bank is a multinational banking and financial services corporation headquartered in OCBC Centre, Singapore. 

OCBC Bank has assets of more than S$491.6 billion, making it the second largest bank in Southeast Asia by assets and among the larger banks in Asia-Pacific. It is also one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- rating from Standard & Poor's.

UOB

United Overseas Bank Limited is a Singaporean multinational banking organization headquartered in Singapore, with branches mostly found in most Southeast Asian countries. The bank is the third-largest bank in Southeast Asia by total assets.

OCBC Bank is consistently ranked amongst the top 5 Safest Banks in the world by Global Finance Magazine. The Asian Banker named OCBC Bank Singapore's strongest bank for 2018-2019, and the 5th strongest in Asia-Pacific. The bank's global network has grown to comprise more than 570 branches and representative offices in 18 countries and regions.

Singtel

Singapore Telecommunications Limited (commonly abbreviated as Singtel, and previously stylized as SingTel) is a Singaporean multinational telecommunications conglomerate and one of the four major telcos operating in the country. The company is the largest mobile network operator in Singapore.

Singtel has expanded aggressively outside its home market and owns shares in many operators of other countries, including full ownership of Australia's second-largest telco Optus, 40% of Bharti Airtel, the second-largest carrier in India, 35% of Indonesia's Telkomsel, and 23% of Thailand's Advanced Info Service.

Wilmar

Wilmar International Limited is a Singaporean food processing and investment holding company that provides management services to its 400+ subsidiary companies.

Founded in 1991, it is one of Asia's leading agribusiness groups alongside the COFCO Group. It ranks amongst the largest listed companies by market capitalization on the Singapore Exchange (SGX), being the second largest as of September 2010. It was ranked 248th in the Fortune Global 500 list in 2018. It was ranked 3rd in the World's Most Admired Company (Food Production) by Fortune in 2019.

Singapore Market Rules

Trading Schedules

Full-day Trading

Half-day Trading

Half Day Trading only happens on those days: Eve of Chinese New Year, Eve of Christmas, Eve of New Year.

Board Lot Sizes

The standard board lot size is 100 units. However, certain products such as some Exchange Traded Funds (ETFs), American Depository Receipts (ADRs), and fixed income instruments may trade in other board lot sizes.

Circuit Breakers

SGX's dynamic circuit breaker in the securities market guards against disorderly situations in the face of rapid and unchecked market movements. It gives investors time to assimilate incoming information and make informed choices during periods of high market volatility.

The circuit breaker covers:

Straits Times Index component stocks/units

MSCI Singapore Index component stocks/units

The following products with a first reference price at or exceeding $0.50: Stocks/units, Stapled securities, Funds, Exchange traded funds and Exchange traded notes

Settlement

SG stocks follow T+2 settlement arrangement where clearing and settlement will be completed on the second working day after the trade is transacted. 

Minimum Bid Size

The minimum bid size (MBS) is also known as tick size and represents the smallest price increment that the price of a security can change.