v256.0 · stock markets · SG · verified 2026-04
Singapore stock markets + capital markets
Stock markets in Singapore — main exchanges, total market cap, major indices, listing requirements, trading hours, foreign-investor access, IPO market, dividend + capital-gains tax, regulator, custody + clearing.
Main exchanges
SGX (Singapore Exchange) — Main Board + Catalist (SME platform, sponsor-led) · 600+ listings (some inactivity) · USD 750B+ market cap · Smaller than HK by listings but international focus · S-REITs (real-estate trusts) world-leading
Market cap + indices
| Total market cap | USD 750B+ · ASEAN's largest equity market · Many cross-listings with HK + ADRs to NASDAQ |
| Major indices | Straits Times Index (STI, 30 largest) · FTSE ST All-Share · FTSE ST Mid-Cap · FTSE ST Small-Cap · S-REIT Index · STI Mid-Cap · Singapore Banks Index |
Listing + trading mechanics
| Listing requirements | Main Board: SGD 75M (USD 55M) IPO market cap minimum · 3-yr financial track record · Catalist (SME): no minimum, sponsor-led model (FA sponsor required) · 25% public float · WVR allowed since 2018 (LSE follow) · SPAC framework since 2021 |
| Trading hours | 9:00 AM - 5:00 PM Singapore time · 1-hour lunch break removed Jul 2011 (continuous trading since) · Pre-open auction 8:30-9:00 AM · Closing auction 5:00-5:06 PM · Open Mon-Fri · Holidays per SGX calendar (Chinese New Year, Hari Raya, etc.) |
Foreign investor access
Fully open · Free capital flows · Direct brokerage account · 0% capital-gains tax · 0% dividend withholding for most non-residents (Singapore one-tier system) · Stamp Duty 0.2% on share transfers (rarely applies — exemptions for SGX-listed) · Strong global + Asia investor presence
IPO market (2024)
SGD 1.4B (USD 1B) raised 2024 IPOs — significant decline from 2021 peak · Limited 2024 IPOs · SGX losing some listings to NASDAQ + NYSE (Sea Group, Razer privatization, Coupang Singapore HQ NASDAQ-listed) · MAS proposing measures to revive 2024-25
Dividend + capital-gains tax
0% personal income tax on dividends + capital gains for SG residents · 0% withholding on dividends (Singapore one-tier system — taxed at corporate level only) · 17% corporate tax (effective rates lower with incentives) · Among ASEAN's + world's most tax-friendly · Pillar Two effective Jan 2025
Regulator + custody/clearing
| Regulator | MAS (Monetary Authority of Singapore) integrated regulator (banking + insurance + capital markets) · SGX listing committee for IPO approvals · ACRA (Accounting + Corporate Regulatory Authority) for company law · IRAS (Inland Revenue Authority of Singapore) for tax |
| Custody + clearing | CDP (Central Depository, SGX subsidiary) primary · SGX-DC (Derivatives Clearing) · T+2 settlement · SGX integrated post-trade · Custodians: DBS + OCBC + UOB · HSBC + Citi + Standard Chartered major foreign · Strong post-trade infrastructure |
Recent changes (2023-2026)
2024-25: MAS Equity Market Review Task Force proposing measures · SGD 5B Equity Market Development Programme · Tax incentives for fund managers + listed REITs · Pillar Two QDMTT effective Jan 2025 · SGX continuing IPO outreach Mainland China + India + ASEAN companies
Source: official Singapore securities regulator · Last verified 2026-04
See also: Singapore country profile · stock markets atlas