Hi Sifus,
I would like to ask about the transaction charges on selling share.
As far as I know, it should just include a) brokerage fee b) stamp duty c) clearing free.
based on http://forum.lowyat.net/index.php?showtopi...post&p=26100183
But from the picture attached, it kinds of confused me. Because it seems like different from what I calculated.
Lets say I going to sell my share at rm2.91 ( as shown in pic), the transaction involved should be as below:
a) as my brokerage firm charge 0.38% or rm12 min
rm 2.91 X 1000 share = rm 2910
rm 2910 x 0.38 % = rm 11.02 , since lower than rm12, my brokerage should be rm12 instead.
b) since rm 2910 < 3k, my stamp duty is rm3
c) clearing fee is 0.03% right?
rm 2910 x 0.03% = rm 0.87
SO, the total charges, should be rm 12 + 3 + 0.87 = rm 15.87
but the overhead showed in the pic is rm 24.25.
and the money I get after I sell should be rm 2910 - rm 15.87 = rm 2894.13.
but why it shows rm 2885.75 in the pic?
Is there any hidden charges here? if yes, what is it?
Can someone enlighten me please? I'm new to stock trading. >.<
Apr 15 2013, 10:00 PM
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