Moneyzine
/Investment Guides /Australian Stock Exchange (ASX)

Australian Stock Exchange (ASX)

Moneyzine Editor
Author: 
Moneyzine Editor
3 mins
January 8th, 2024
Advertiser Disclosure
Australian Stock Exchange (ASX)

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

Holiday

Date

States

Trading Day

New Year's Day

January 1, 2021

All

Closed

Australia Day

January 26, 2021

All

Closed

Good Friday

April 2, 2021

All

Closed

Easter Monday

April 5, 2021

All

Closed

Queen's Birthday

June 14, 2021

All except WA

Closed

Christmas Day

December 27, 2021

All

Closed

Boxing Day

December 28, 2021

All

Closed

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

Australian Stock Exchange Holidays 2020

Holiday

Date

States

Trading Day

New Year's Day

January 1, 2020

All

Closed

Australia Day

January 27, 2020

All

Closed

Good Friday

April 10, 2020

All

Closed

Easter Monday

April 13, 2020

All

Closed

ANZAC Day

April 27, 2020

All

Closed

Queen's Birthday

June 8, 2020

All except WA

Closed

Christmas Day

December 25, 2020

All

Closed

Boxing Day

December 28, 2020

All

Closed

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)

Time

Trading Phase

7:00 a.m. - 10:00 a.m.

Pre-Opening

10:00 a.m.

Opening

10:00 a.m. - 4:00 p.m.

Normal Trading

4:00 p.m. - 4:15 p.m.

Pre-Open prior to Closing

4:15 p.m.

Closing Single Price Auction

4:15 p.m. - 7:00 p.m.

After Hours Adjust

7:00 p.m. - 7:00 a.m.

Enquiry

Additional Resources

Investors that trade stocks will understand the concept of a stock exchange, but novice investors may not understand the subtle differences between the major exchanges. For example, why is it that some companies choose to be listed on the New York Stock Exchange while others are traded on the NASDAQ?
Moneyzine Editor
Moneyzine Editor
September 21st, 2023
NYSE MKT (Formerly the American Stock Exchange)
At one time, the American Stock Exchange, or Amex, was the third largest exchange in the United States, positioned behind the New York Stock Exchange and the NASDAQ. Prior to the merger with NYSE Euronext, over 570 companies were listed on the Amex, with a market value in excess of $565 billion.
Moneyzine Editor
Moneyzine Editor
January 5th, 2024
Bombay Stock Exchange India (BSE)
The Bombay Stock Exchange (BSE), also known as the Stock Exchange Mumbai, is one of the oldest exchanges in all of Asia, dating back to 1875 when it was known as the Native Share and Stock Brokers Association.
Moneyzine Editor
Moneyzine Editor
January 9th, 2024
London Stock Exchange (LSE)
Details Last Updated: Saturday, 26 December 2020
Moneyzine Editor
Moneyzine Editor
January 23rd, 2024
We live in a global economy; however, some of the largest stock markets in the world are located in the United States, and they do follow an American holiday schedule. There are currently nine holidays on which these stock markets are closed, as well as special rules that often indicate the early close of these exchanges.
Moneyzine Editor
Moneyzine Editor
September 21st, 2023

Contributors

Moneyzine 2024. All Rights Reserved.