Hi, I just want to know if I buy shares on Tuesday, and Thursday is a public holiday, so does that mean my settlement day is on next Monday?

Thanks in advance.

Yup
Only count the business/market day

the T day is the trading day which is the day u buy the shares??

i.e buy on Tuesday (T) + 3 (wed/thurs/fri) so meaning friday need to pay??

correct.

you may count like this

T+0 (Tue)
T+1 (Wed)
T+2 (Thurs)
T+3 (Fri)

ok another question.......i can vaguely remember.....is there a need to pay interest on the stocks we buy?? and how is it calculated? daily?? i think someone mention before around 1.15% per day or something

new brokerage fees implemented starting 2008

deal thru remisier - brokerage fees is RM 40.00 (last time was RM 12.00)
deal thru online - brokerage fees is negotiable (some investment house charged RM 12.00, some charged RM 28.00)

read here for more related discussion & which firm charged the lowest fees

http://forum.lowyat.net/topic/602217
http://forum.lowyat.net/topic/594355
http://forum.lowyat.net/topic/593407

This post has been edited by panasonic88: Jan 8 2008, 02:15 PM

uhmm pana I think he meant about interest not charges.

No interest as far as I know of. Only interest is you get it if you leave some money in your brokerage account. I have never encountered any need to pay interest for stocks I own.

Hi Panasonic88,

Sorry I have a noob question, is it true that even if Thurs is a public holiday as refer to the 1st post asked by okk, and it is still consider as 1 day?

From my understanding, if it is a pubic holiday (Bursa declare it as non-trading and none settlement day, usually public holiday lah) then it shd not calculate as 1 day? I am not sure, that is what my friend told me lah, and now based on your answer it really confused me need your clarification

tq

what shares have you bought that due on monday ? let me know so that i can queue lower to buy

your friend try to confuse u ar?

don't know leh , so do u know whether holiday is consider 1 day or not?

thanks

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Added on March 7, 2008, 8:09 pmHmmm......... the company that rule the industry....... got it?



This post has been edited by optimuz: Mar 7 2008, 08:20 PM

Holiday doesn't count, that's why they put T+3, not day+3

thanks for the reply, so now no more confuse what I was told is correct ,

refer to 1st post, if buy on Tue (T day) Thu is public holiday so the due date shd be on Mon (T+3)

Tq cherroy,

Yes