BURSA MALAYSIA
Company Announcements
Guided Tour
EN
BURSA MALAYSIA
EN
  • Market Information
      • Equities Prices
      • Indices
      • Bonds Prices
      • Derivatives Prices
      • Shariah Compliant Equities Prices
      • Market Statistics
      • Securities
      • Bonds
      • Derivatives
      • Market Data
      • Information Services License
      • Website Linking Service
      • Historical Data Packages
      • Information Vendors
      • Announcements
      • Company Announcements
      • Structured Warrants
      • Entitlement by Ex-Date
      • SPEEDS
  • Trade
      • Market
      • Securities Market
      • Derivatives Market
      • Islamic Markets
      • Labuan International Financial Exchange (LFX)
      • Our Product & Services
      • Equities
      • Bonds
      • Derivatives
      • Islamic Markets
      • Indices
      • Labuan International Financial Exchange (LFX)
      • Co-Location Service
      • BTS2 On-Boarding
      • Network Access and Infrastructure Services (NAIS)
      • Central Depository System (CDS)
      • Trading Resources
      • Listing Directory
      • Equities
      • Brokers for Equities
      • Non Broker Participants
      • Bonds
      • Brokers for Bonds
      • Derivatives
      • Brokers for Derivatives
      • Islamic Markets
      • Post Trade
      • Securities Borrowing & Lending (SBL)
      • Islamic Securities Selling & Buying Negotiated Transaction (ISSBNT)
      • Securities Clearing & Settlement
      • Derivatives Clearing & Settlement
      • Transaction Costs, Fees and Charges
      • Risk & Compliance
      • Overview
      • Risk & Compliance Framework
      • BMSC and BMDC as Central Counterparty (CCP)
      • PFMI Disclosure
      • SST
  • Listing
      • Why Bursa Malaysia
      • Your Listing Destination
      • Get Listed
      • Listing Criteria
      • Listing Process
      • Cost of Listing
      • Fees and Charges
      • Issuer Services
      • Advisers / Sponsors
      • Supporting Partners
      • Listing Resources
      • IPO
      • IPO Prospectus
      • LFX Prospectus
      • Corporate Governance and Sustainability
      • Labuan International Financial Exchange (LFX)
      • Market Participants
      • Listing Sponsors List
      • Issuers
      • Financial Instruments
      • Fees
      • Business Process
  • Regulation
      • Overview
      • Structure
      • Overview
      • Regulatory Committees
      • Regulatory Oversight Body
      • Overview of Rules
      • Rules Making Process
      • About Bursa Malaysia Regulatory
      • Regulatory Approach/Philosophy
      • Supervision of Issuers
      • Supervision of Brokers
      • Enforcement
      • Market Surveillance
      • Listing Requirements
      • Main Market
      • ACE Market
      • LEAP Market
      • FAQs
      • Securities
      • Rules of Bursa Malaysia Securities
      • Rules of Bursa Malaysia Securities Clearing
      • Rules of Bursa Malaysia Depository
      • Derivatives
      • Rules of Bursa Malaysia Derivatives
      • Rules of Bursa Malaysia Derivatives Clearing
      • Bonds
      • Rules of Bursa Malaysia Bonds
      • Islamic
      • Rules of Bursa Suq Al-Sila' (BSAS)
      • Best Practices for Islamic Stockbroking Services
      • Labuan International Financial Exchange (LFX)
      • Rules of LFX
      • Directives / Circulars
      • FAQs Relating to Bursa Malaysia Rules
      • Public Consultation
      • Communication Notes/Guides
      • [email protected]
      • Bursa Link
  • Reference
      • Research Repository
      • Overview
      • CMDF - Bursa Research Scheme (CBRS)
      • Non - CBRS Research Reports
      • Research Reports
      • Insights
      • Derivatives
      • Institutional Insights
      • Regulatory Insights
      • Bursa Academy
      • [email protected]
      • Market Terminologies
      • FAQs
      • Securities
      • Derivatives
      • Islamic Markets
      • Labuan International Financial Exchange (LFX)
      • LEAP
      • Central Depository System (CDS)
  • About Bursa
      • About Us
      • Overview
      • Who We Are
      • Our Organisation
      • Corporate Governance
      • Board of Directors
      • Top Management Team
      • Other Corporate Information
      • Corporate History
      • Awards and Certification
      • Calendar
      • Tenders
      • Related Links
      • Investor Relations
      • IR Home
      • Financial Information
      • Stock Information
      • Shareholdings
      • Information for Shareholders
      • Information Request
      • Other Information
      • Sustainability
      • Overview
      • Governance of Sustainability
      • Assessment of Material Matters
      • Engaging our Stakeholders
      • Our Contribution to Sustainable Development Goals
      • Sustainability Reports
      • Others
      • Risk & Compliance
      • Overview
      • Framework & Governance
      • Enterprise Risk Management
      • Compliance Management
      • Business Continuity Management
      • Media Centre
      • Speeches
      • Gallery
      • Media Releases
      • Articles
      • Careers
Company Announcements
Guided Tour
English
Bahasa Malaysia
简体中文
[email protected]

You will be-redirected to [email protected], are you sure you want to leave this page?

Leave this page
Help Centre

You will be-redirected to Help Desk, are you sure you want to leave this page?

Leave this page
Bursa Link

You will be-redirected to Bursa Link, are you sure you want to leave this page?

Leave this page
Bursa Marketplace

You will be-redirected to Bursa Marketplace, are you sure you want to leave this page?

Leave this page
LFX Listing Sponsor

You will be-redirected to LFX Listing Sponsor, are you sure you want to leave this page?

Leave this page
Corporate Governance and Sustainability

You will be-redirected to BursaSustain website, are you sure you want to leave this page?

Leave this page
Corporate Governance and Sustainability

You will be-redirected to BursaSustain website, are you sure you want to leave this page?

Leave this page
Bursa Academy

Bursa Academy

Leave this page

Equities

Equities offer considerable potential for capital growth and are long term risk investments. Ownership of equities will often entitle the investor to a portion of the company's profits through dividends.
  • Listing Directory
  • Equities
  • Brokers for Equities
  • Non Broker Participants
  • Bonds
  • Brokers for Bonds
  • Derivatives
  • Brokers for Derivatives
  • Islamic Markets
Menu expand
  • Trading Procedures
  • Trading Sessions
  • Transaction Costs
  • Contra Transactions
  • Board Lot
  • Order Types
  • Theoretical Opening Price
  • Central Depository System (CDS)
  • Regulated Short Selling (RSS) and Intraday Short Selling (IDSS)
  • Compensation Fund
  • Manual and Guidelines for PO
  • International Securities Identification Number (ISIN)
  1. Home
  2. Trade
  3. Trading Resources
  4. Equities
  5. Board Lot

Board Lot


Shares are normally traded in specific amounts called Board Lots of 100 units. Any amount less than board lots are called special lots or odd lots.

Minimum Bids

The tick size is the minimum price variation between the buy and sell price for a stock. The tick size is reduced in line with the current practice by global developed markets and more importantly, to create market depth, enable price discovery and boost liquidity in the local equities market.

The tables below describe the new tick size structure.

Table I - Tick Sizes for Securities Traded and Quoted On Bursa Malaysia
Price Range Tick Size (Sen)
Below RM1.00 0.5
RM1.00 up to RM9.99 1
RM10.00 up to RM99.98 2
RM100.00 above 10

Table II - Tick Sizes for ETF
Securities Market Price Tick Size (Sen)
ABFMY1 At any price 0.1 (no change)
Equity-based ETFs Less than RM1.00 0.1
Between RM1.00 to RM2.995 0.5
RM3.00 and above 1

For bonds, debentures, loan securities, warrants and call warrants, the minimum bid structure has the same minimum trading spreads as for shares.

Buying-In Price For Undelivered Securities

In respect to the bidding price for buying-in, the Exchange will retain the ten (10) ticks. Arising from this, the buying-in price will be based on the current tick structure (Table III) and tick sizes rather than the new tick size structure and to ensure that the buying-in price is attractive to potential sellers.

Table III - Current Tick Size Structure
Price Range Tick Size (Sen)
Below RM1.00 0.5
RM1.00 to RM2.99 1
RM3.00 to RM4.98 2
RM5.00 to RM9.95 5
RM10.00 to RM24.90 10
RM25.00 to RM99.75 25
RM100.00 above 50

In computing the buying-in price, the buying-in price will be rounded up to the next tick size if the closing price falls between two tick sizes. For example if the closing price is between RM10.02 and RM10.08, the buying in price will be rounded up to RM11.10 as illustrated below:

Table IV - Buying-In Price Computation
Closing Price
(Based on new tick size)
Buying-in Computation
(Based on the current tick size)
Buying-in Price
RM10.00 10.00 + 1.00 (10 x 0.10 = 1.00) = RM11.00 RM11.00
RM10.02 10.02 + 1.00 (10 x 0.10 = 1.00) = RM11.02 RM11.10 (rounded up to RM11.10)
RM10.04 10.04 + 1.00 (10 x 0.10 = 1.00) = RM11.04 RM11.10 (rounded up to RM11.10)
RM10.06 10.06 + 1.00 (10 x 0.10 = 1.00) = RM11.06 RM11.10 (rounded up to RM11.10)
RM10.08 10.08 + 1.00 (10 x 0.10 = 1.00) = RM11.08 RM11.10 (rounded up to RM11.10)
RM10.10 10.10 + 1.00 (10 x 0.10 = 1.00) = RM11.10 RM11.10

In the case of ETFs, currently the buying-in price is based on (10) ticks of the tick sizes of the ETF. As the tick size is small, in the event of failed trade the buying in price is not attractive for potential sellers to sell. For example in the case of ABFMY1 the minimum tick size is 0.1sen.

Applying 10 ticks to the minimum tick size (0.1x10) would be 1sen. This would not be enough to cover the transaction cost of the potential seller.

For the purpose of buying-in of ETFs, the same buying-in structure for stocks to be applied for ETFs as follows:

Table V - Buying-in Price for ETF will be based on the following tick sizes
Price Range Tick Size (Sen)
Below RM1.00 0.5
RM1.00 to RM2.99 1
RM3.00 to RM4.98 2
RM5.00 to RM9.95 5
RM10.00 to RM24.90 10
RM25.00 to RM99.75 25
RM100.00 above 50

For example in the case of FB30ETF if its traded in the range of RM5.77, the buying-in tick will be under the range of RM5.00 to RM9.95 which is 0.05.Therefore the buying-in price premium will be (10 ticks X 5sen) 50sen.

Click the link below for more information on Tick Size:

RR7 of 2009
  • Amendments To The Rules Of Bursa Malaysia Securities Berhad ("Rules Of Bursa Securities") In Relation To The Tick Size


About Bursa Market Information Trade Listing Regulation Reference
Bursa Marketplace Bursa Link LFX [email protected] Bursa SUSTAIN Bursa Academy
Terms & Conditions of Use, Disclaimer and Linking Policy Personal Data Notice Sitemap Website FAQs
Contact Us Help Centre
RSS Feeds

Subscribe to our RSS feeds and get the latest Bursa Malaysia news delivered directly to your desktop. Click on the orange RSS button to go to the Subscribe page.

You will need to install the RSS plugin to subscribe to the RSS Feeds.

Subscribe
Media Releases Subscribe
Investor Relations
  • Newsroom
Subscribe
Bursa Malaysia Listing Requirements
  • Main Market
  • ACE Market
Subscribe
Initial Public Offering Subscribe
Copyright © 2021 Bursa Malaysia Berhad 197601004668 (30632-P). All rights reserved.
Top