KLCI 1444.67 (-o.36).
A flat session with volume at record low for recent months. Is the new brokerage rate taking effect, or are investors still on "holiday"?
The new brokerage rate is pegged at RM40 or 0.06% of the total investment, whichever figure is higher. To evade this level of increment, one could opt for online trades (negotiable rate), or open a cash upfront transaction account with the remisier (e.g. OSK's minimum brokerage rate for these transactions is RM28).
If it's any consolation, the Bursa stamp duty is lowered from 0.04% to 0.03%.
The market will feel the pinch after Bursa's new brokerage move. How much? We'll have to wait and see. One should never underestimate the effect on retail buyers, they make up a sizeable portion of our market volume.
A flat session with volume at record low for recent months. Is the new brokerage rate taking effect, or are investors still on "holiday"?
The new brokerage rate is pegged at RM40 or 0.06% of the total investment, whichever figure is higher. To evade this level of increment, one could opt for online trades (negotiable rate), or open a cash upfront transaction account with the remisier (e.g. OSK's minimum brokerage rate for these transactions is RM28).
If it's any consolation, the Bursa stamp duty is lowered from 0.04% to 0.03%.
The market will feel the pinch after Bursa's new brokerage move. How much? We'll have to wait and see. One should never underestimate the effect on retail buyers, they make up a sizeable portion of our market volume.
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