Why invest Singapore stock?
Singapore's stock market strongly appeals to local and international investors due to its unique stability, growth potential, and innovation. The following are reasons why the Singapore market should be on investor's radarscope:
Firstly, Singapore offers a stable and robust economy, making it an attractive destination for investors seeking reliable returns. In addition to stocks, stable investment options like government bonds are available, providing further security.
Secondly, the Singapore government has implemented various policies to foster a business-friendly environment, encouraging both local and foreign investments. This includes investing in low-risk options such as Singapore Government Securities (SGS), which are backed by the Singapore government.
Thirdly, the market is known for its transparency and regulatory framework, ensuring a fair trading environment. This is crucial for maintaining investor confidence and attracting long-term investments.
How to buy stocks in Singapore?
Investors could trade Singapore stocks through Moomoo SG by the following steps:
1. Open trading account
A Moomoo SG Universal Account is required for trading global stocks. On moomoo, you can choose to sign up with Singpass and complete online forms by retrieving personal data from verified government sources. The specific steps are as follows:
After registration on moomoo, you can tap Accounts> Open Now to open an account.
Tap Next, and select your identity from Singapore Citizen, Singapore Permanent Resident, or Foreigners residing in Singapore.
Tap Continue with Singpass> QR code to log in with Singpass.
Tap the I Agree button, check your information, and complete a small survey related to your taxation and investing experience.
Tap Next, and read the Risk Disclosure statements.
Confirm your application. New account review is usually completed on the same application day but may take 1-3 business days in some cases. We will inform you immediately once your application is approved.
2. Fund your account
You need to fund your account before trading stocks. The amount is based on your preference and investment goals. Moomoo SG accept the transfer of funds from personal bank accounts. When funding your account, you will be required to select a deposit method. For SGD deposits, Moomoo SG supports instant deposit via DDA, Bank Transfer, Paynow and Transfer via Wise.
3. Place an order
When placing your order, you have to decide your action (whether to sell or to buy), the quantity, the price, and your order type.
On moomoo, you will find there are two prices: ask and bid. The bid price represents the highest price a buyer will pay for the stock, and the ask price represents the lowest price a seller will accept for the stock.
Different from money market funds, stocks tend to be more liquid, making the price change quickly. Therefore, if you place a market order, you may find your order is settled with a completely different price. To solve this problem, moomoo have offered different limit orders, allowing investors to decide the buy or sell price by themselves. However, the biggest disadvantage of limit order is that no settlement is guaranteed.
What are blue chip stocks in Singapore?
Blue chip stocks are shares of large, stable companies that have a proven track record of consistent earnings and growth. These companies are typically leaders in their respective industries and have a strong brand presence. The term "blue chip" refers to the highest-value poker chips in the game, which were traditionally colored blue.
The Straits Times Index is comprised of blue-stock companies, namely the top 30 companies listed on the SGX in terms of market capitalization.
Moomoo SG offers a variety of blue chip stocks for investors to choose from. You can download the moomoo app and follow the tutorial below to easily invest in them.
Step 1. To find out what these blue-chip stocks are, you can go to the 'Markets' tab on moomoo, then click on the 'SG' tab. The app will then display stocks that are listed on SGX.
Step 2. You can then click on STI on the top left, which will provide you with more details about the Straits Times Index.
Step 3. Following that, scroll down to see the stocks that are being tracked by the STI. The list of stocks shown are blue-chip stocks in Singapore, and you can then read up on these companies before investing in them via moomoo.
How to buy dividend stocks Singapore?
Investors can start investing in dividend stocks through moomoo, which is an all-in-one investment app where you will be able to search for your preferred stocks and get an in-depth analysis of the company. You will be able to view information such as quotes, comments, news, financials, and analysis regarding any stock, which serves as valuable information that can allow you to make an informed investment decision. Users can learn about the historical dividend performance of any stock through moomoo, including the dividend yield and the frequency of dividends.
The high dividend ranking function of the moomoo trading app can help users quickly identify high dividend paying stocks in the market. Users can filter the list by dividend yield, dividend, price, or market capitalization. Besides, users can also find out the historical dividend distribution plan of the individual stock.
How to find Singapore stocks in moomoo?
The best way to learn about a stock is through the moomoo app.
Investor can access to "Market", choose the "SG" tab and tap on "Stock Screener". Investor could use the moomoo stock screener for helping them make trading decisions. This stock screener is considerably more comprehensive than similar products offered by other trading apps, offering far more in-depth stock data and an excellent understanding of the consumer searching intent. Investors can quickly and easily find suitable stocks that align with their investment strategies.
When using the moomoo stock screener, you can:
-select various corresponding conditions according to your own investment needs,
-drill down into available stocks, research stock history, and projections,
-collect information based on a wide range of criteria,
-and select stocks with a single click and add them to your watch list.
With the free stock screener from moomoo, investors can receive more detailed data indicators in real-time. The data offered and the calculations used in the moomoo stock screener provide more information than other stock pickers, making the process of selecting stocks involve less guesswork. Investors can highlight the stocks that interest them the most and then make their final decisions later with a watchlist. The scanning criteria you use to find your stocks can then be saved, making it even easier to return to the results later and find additional stocks worthy of investment.
What time does stock market open in Singapore?
Trading Hours: The trading day in the Singapore stock market is typically divided into two sessions:
Morning Session: 09:00 am to 12:00 pm
Afternoon Session: 01:00 pm to 05:00 pm
Opening Routine:
Pre-Open: 08:30 am to 08:58 am/08:59am* (orders can be entered but not matched)
Non-Cancel: 08:58am/08:59am* to 09:00 am (orders can be entered but cannot be canceled or modified)
Opening: 09:00 am (the market opens for trading)
Closing Routine:
Pre-Close: 05:00 pm to 05:04pm/05:05pm* (orders can be entered but not matched)
Non-Cancel: 05:04/05:05pm* pm to 05:06 pm (orders can be entered but cannot be canceled or modified)
Trade at Close (TAC)^: 05:06 pm to 05:16 pm (orders are matched continuously at the equilibrium price determined from the closing auction)
Market Close: 05:16 pm
* The Pre-Open/Close phase ends randomly at any time within this one minute window and the Non-Cancel phase begins immediately after.
^Trade at Close (TAC) is a ten-minute trading phase commencing immediately after the closing routine.TAC is available for a security on a trading day only if the closing auction for that security on that day resulted in a closing auction price; correspondingly, TAC will not be available for a security if there is no closing auction price on that day.