Australia Stock Market

Major Stock Exchange Introduction

Australian Securities Exchange (ASX)

The ASX was established as early as 1861. It is the primary stock exchange in Australia, and it is also a separate state-based exchange. Today trading is all-electronic and ASX became a publicly listed company on the exchange in 1998.

The Australian Securities Exchange as it is now known resulted from the merger of the Australian Stock Exchange and the Sydney Futures Exchange in 2006.

In terms of their market capitalization, the biggest stocks traded on the ASX include BHP Billiton, Commonwealth Bank of Australia, Telstra Corporation, Rio Tinto, National Australia Bank and Australia and New Zealand Banking Group. As at March 2010, the three largest sectors by market cap were financial services (36%), metal and mining (22%) and consumer (13%).

In recent years, mining stocks are very hot among investors from all over the world. Many of these mining stocks can be traded on the ASX. The table below provides some basic information about the top 3 mining stocks by market capitalization.

Stock Code Company Name Market Cap (as on 2011-2-25) Sector
BHP BHP Billiton AUD236,554M Energy, Metals & Mining
RIO Rio Tinto AUD137,907M Energy, Metals & Mining
NCM Newcrest Mining AUD29,558M Gold

Major Index Introduction

S&P/ASX 200

This index is a market-capitalization weighted stock market index of the stocks of the 200 largest companies listed on the ASX. The classification of the industry index is through the usage of the Global Industry Classification Standard (GICS).

S&P/ASX 300

This index is a market-capitalization weighted stock market index of the stocks of the 300 largest companies listed on the ASX. The classification of the industry index is through the usage of the Global Industry Classification Standard (GICS).

All Ordinaries (All Ords)

It is a market-capitalization weighted stock market index. It consists of the 500 largest companies listed on the ASX. It was established in 1980, and had a base index of 500.

Account Opening Procedures

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Trading Information

CountryTrading Session(HongKong)Trade CurrencySettlement Currency & DurationEarliest HK time to accept orders for next trade day
Australia Monday ~ Friday
Summer
07:00 - 13:00
Winter
08:00 - 14:00
* opposite to HK due to different geographic zones
AUD AUD
HKD
USD
T + 2 (effective from 7 March 2016)
Monday ~ Friday
at 16:00
after previous market close

Commission

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Depository Information

Please click here for depository steps and related depository bank account information.

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