Stock prices on ex-date

The stock price usually decrease on the ex-dividend date by an amount roughly equal to the dividend paid. This reflects the decrease in the company's assets resulting from the declaration of the dividend.
--- For example, when a dividend of $1,000,000 is declared (e.g. 6 sen per share), distributed and paid, the corporation’s cash is reduced by $1,000,000 and its retained earnings (part of stockholders’ equity) is reduced by $1,000,000. Due to the reduction in the corporation's cash/equity, it's stock price is also reduced accordingly (as the company's stock price is a reflection of it's assets (which including it's cash). If the stock price was RM 1.50, it would be RM 1.44 (RM 1.50 - 0.06) after the dividend is allocated.

Dividend : 6 sens
Ex-date : 20/5/2009
In-dividend date share price (19/5/2009): RM 1.50
Ex-dividend date share price (20/5/2009): RM 1.50 - 0.06 = RM 1.44
https://forum.lowyat.net/topic/1039913

I see, ok then i will check with CS

Your case solved?

Hi, newbie here,  I've sold a few shares using the cimb itrade app, may I know how long does it take to process until the money appears in my bank account? Do i need to do any additional steps for the withdrawal process? Thank u

U mean the CGS-Cimb itrade, which is the new name?

When u sell a stock, you get the proceeds in 2 days excluding the transaction date. (This is called T+2 btw). The money will go to your brokerage trust account, not your normal bank account.

To withdraw from ur trust account to your normal bank account would require an additional process..usually an email. Not sure how long it will take for CGS-Cimb, but won't be too long.

Personally I rarely withdraw from my trust account. Probably once or twice a year.

Ahh yeas the cimb itrade

Okay one last question, how do i check the balance in the bokerage trust account. Tqtq

have to use pc to login itrade > Report > Client summary > find Trust

Hi, at the Order Status, Filled means the units that I am selling is already sold? How do I get the money? Thanks

If the order was filled today, the money will be credit into your trading account 3 working days later.

T+3.

If you want to take the money out from trading account, contact your remisier .

Is there a Stop-trailing loss in this platform?

ya..its call stop limit..u find order type..normally show limit right? u can choose stop limit

What's the website for i*Trade@CIMB?