Australian Securities Exchange
The Australian Securities Exchange, often called the Australian Stock Exchange or simply ASX is Australia's main stock exchange.
The combined market cap of ASX listed companies is around AU$1.6trillion, one of the world's largest.
The exchange is owned and operated by ASX Group.
The trading hours for the ASX are 10am until 4pm AEST, with a pre-market session running from 7am until 10am and a short auction between 4:10pm and 4:12pm at the end of the day.
The market opens daily from Monday to Friday except for the holidays announced by the organization.
The ASX can trace its roots back to Melbourne in 1861, ten years after the start of the Victorian gold rush.
In 1937, the stock markets of Melbourne, Adelaide, Brisbane, Hobart, and Sydney were merged to create the Australian Associated Stock Exchange.
In 1996 the ASX became a company listed in its own market under the symbol under the symbol ASX.
In 2011 plans to merge with the Singapore stock exchange to increase the group's global presence fell through after the Australian Treasurer, Wayne Swan, refused permission, claiming the move was not in the country's best interests.
Indices of ASX stocks are created by the company Standard and Poor’s.
The most followed and arguably most important ASX index is the ASX 200.
There are around 2,200 companies listed in the stock market as of 2014. Those companies involve all the industrial sectors as well as a variety of large, mid, and small cap companies.
A selection of ASX listed companies can be seen below.
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