It’s now costing more to conduct transactions on the Jamaica Stock Exchange, JSE. Effective Monday June 30, the cess on transactions was increased by 0.1% or 0.05% to be paid by the buyer and seller.The JSE says the charge on contract notes issued by brokers for the purchase or sale of shares will be 0.25%. General Manager of the Stock Exchange, Marlene Street-Forrest, explained that the increase was triggered by rising operational expenses. The cess is a part of the revenue base of the Exchange.
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Transaction costs on the stock market increased
