ASX
The ASX (Australian Securities Exchange) is Australias main marketplace where people buy and sell shares in companies.
Quick Reference:
Full name: Australian Securities Exchange. Type: Stock Exchange. Location: Sydney, Australia.
Role: Connects companies and investors. Trading hours: 10:00 am – 4:00 pm (Sydney time, weekdays).
Expanded explanation:
The ASX is where most Australian companies go when they want to raise money from the public. To do this, they “list” their shares, which allows investors to buy pieces of ownership in the business. Once listed, shares can be freely traded between investors, with price moving up and down based on supply, demand, company performance and market conditions. For companies, listing on the ASX provides access to capital they can use for growth. For investors, the ASX provides a regulated and transparent environment to buy and sell. IT ensures trades are settled properly, ownership is recorded, and companies release regular updates so investors can make informed decisions. The ASX is also home to a wide range of other investment products, including exchange traded funds (ETFs), bonds, and derivatives, but for beginners it is best thought of as the place where the biggest names in Australian business are listed and traded.
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