Who This Guide Is For
This guide is for Malaysian retail investors who are new to the stock market and want to understand how share quantities work on Bursa Malaysia. Whether you’re placing your first trade or building knowledge, knowing the difference between board lots and odd lots helps you plan your orders correctly.
Understanding MY Stock Trading Units
When you buy shares on the Malaysian stock exchange, shares are grouped into standard units called trading units. These units determine the minimum or standard amount you can trade in a single order.
Board Lot
A board lot is the standard trading unit in Malaysian stock trading. One board lot equals exactly 100 units (or 100 shares).
Most share purchases happen in board lots because they are the standard unit recognized by the exchange. Trading in round multiples of 100 is straightforward and liquid.
Remisier tip: Buying in board lots usually means better pricing and faster execution because there’s more volume and liquidity at these standard sizes.
Odd Lot
An odd lot is any parcel of shares smaller than a full board lot. An odd lot can be anywhere from 1 unit to 99 units.
Odd lots let you invest in shares even if you don’t have enough capital or appetite for a full 100-unit board lot.
However, odd lot trades may have lower liquidity and potentially wider bid-ask spreads compared to board lot trades. They’re useful for topping up positions or starting small, but most active trading happens in board lots.
Trading Units at a Glance
| Trading Unit | Quantity |
| 1 board lot | 100 units |
| Odd lot | 1 unit to 99 units |
See also: Bursa tick size (minimum bid) tables · Bursa price limits: limit up and limit down
Key Takeaways
- A board lot in Malaysian stock trading is a standard unit of 100 shares.
- An odd lot is any quantity from 1 to 99 shares, useful for smaller investments.
- Board lot trades offer better liquidity and tighter spreads than odd lot trades.
- Most retail investors trade in board lots because they are the standard exchange unit.
- Odd lots let you enter positions with less capital or customize your position size below 100 shares.
- Understanding these units helps you plan order sizes and understand pricing on your trading platform.
Frequently Asked Questions
What is a board lot in Malaysian stock trading?
A board lot is the standard trading unit on Bursa Malaysia, equal to 100 shares. It is the default unit in which most shares are quoted and traded on the exchange.
What is an odd lot?
An odd lot is any quantity of shares smaller than a board lot—anywhere from 1 to 99 units. Odd lots allow investors to buy shares in smaller parcels if they don’t want or cannot afford a full 100-unit board lot.
Can I trade odd lots on M+ Global?
Yes, you can trade odd lots through M+ Global. Odd lots give you the flexibility to build positions with smaller capital amounts, though they may have lower liquidity than board lot trades.
Why do board lots matter if I can just trade odd lots?
Board lots are the standard trading unit, so they typically have more volume, tighter bid-ask spreads, and faster execution. Trading in board lots is usually cheaper and more efficient, especially for active or larger positions.
Is there a minimum trade size for board lots or odd lots?
The minimum odd lot size is 1 unit. The minimum board lot size is 1 board lot (100 units). There is no stated maximum, so you can trade as many board lots or odd lots as your capital and the market allow.
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Source: based on the official M+ Global Help Centre (Malacca Securities Sdn Bhd). Fees, hours and procedures are set by Malacca Securities and the exchanges and may change — check the M+ Global app or ask your remisier for the latest.
Disclaimer: This guide is for general information only and is not financial advice.
