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Australian Stock Exchange (ASX)

Last updated 25th Nov 2022
Disclosure

The Australian Stock Exchange Limited (ASX) operates Australia's national exchange for equities, derivatives, and fixed interest securities such as bonds. The exchange also provides comprehensive market information and data to a wide range of traders, brokers, and commissions.

History of the Australian Stock Exchange

The history of the Australian Stock Exchange starts with the six capital city exchanges that were established in Adelaide (1887), Brisbane (1884), Melbourne (1884), Hobart (1882), Perth (1889), and Sydney (1871). Several smaller provincial exchanges were established to cater to the needs of the large number of mining companies in existence at the turn of the 20th Century.

From 1903 until 1937, these state stock exchanges began meeting on an informal basis. By 1936, Sydney had taken the lead in formalizing the association, and in 1937 the Australian Associated Stock Exchanges (AASE) was established. The formation of the AASE laid the groundwork for listing of companies, brokerage, and the operating rules of the stockbrokers and their firms.

On April 1, 1987, the Australian Parliament passed legislation forming the Australian Stock Exchange Limited (ASX). Forming a national stock exchange brought together the six independent stock exchanges operating in the capital cities.

Facts and Figures

Approximately 2,029 companies are listed with the Australian Stock Exchange. ASX claims to be the eighth largest equity market in the world, with 32.7 million equity trades taking place each month. The combined market capitalization of the exchange is $1.60 trillion (USD) as of November 2020.

The five most actively traded companies on the ASX include Bass Oil, Latres, Anson Res, Kairos and Whitecliff. The S&P/ASX 200 Index is recognized as the benchmark for the Australian equity market. The S&P/ASX 200 is comprised of the S&P/ASX 100 plus an additional 100 stocks. The index also forms the basis for the ASX Mini200 futures contract.

ASX Holiday Schedule

The ASX observes a total of ten or eleven holidays annually, most of which the exchange is either closed or closes early for the day. The following table includes the most recent calendar of holidays for the exchange.

Australian Stock Exchange Holidays 2021

HolidayDateStatesTrading DayNew Year's DayJanuary 1, 2021AllClosedAustralia DayJanuary 26, 2021AllClosedGood FridayApril 2, 2021AllClosedEaster MondayApril 5, 2021AllClosedQueen's BirthdayJune 14, 2021All except WAClosedChristmas DayDecember 27, 2021AllClosedBoxing DayDecember 28, 2021AllClosed

Note: Close Early = Normal trading ceases at 14:10 Sydney time.

Australian Stock Exchange Holidays 2020

HolidayDateStatesTrading DayNew Year's DayJanuary 1, 2020AllClosedAustralia DayJanuary 27, 2020AllClosedGood FridayApril 10, 2020AllClosedEaster MondayApril 13, 2020AllClosedANZAC DayApril 27, 2020AllClosedQueen's BirthdayJune 8, 2020All except WAClosedChristmas DayDecember 25, 2020AllClosedBoxing DayDecember 28, 2020AllClosed

Note: Close Early = Normal trading ceases at 14:10 Sydney time.

ASX Market Phases / Trading Hours

The Australian Stock Exchange goes through a number of phases on any given trading day. The particular market phase determines the type of action that may be taken for an order, which in turn affects how trading is conducted on that day.

ASX Trading Hours (Sydney Time)

TimeTrading Phase7:00 a.m. - 10:00 a.m.Pre-Opening10:00 a.m.Opening10:00 a.m. - 4:00 p.m.Normal Trading4:00 p.m. - 4:15 p.m.Pre-Open prior to Closing4:15 p.m.Closing Single Price Auction4:15 p.m. - 7:00 p.m.After Hours Adjust7:00 p.m. - 7:00 a.m.Enquiry

About the Author - Australian Stock Exchange (ASX)


Moneyzine Editor

Moneyzine Editor