Listen to a Business English Dialogue About Australia stock exchange
Jonathan: Hi Melody, have you ever looked into the Australia Stock Exchange?
Melody: Yes, I have. It’s also known as the ASX, right?
Jonathan: That’s correct. The ASX is the primary securities exchange in Australia, where stocks, bonds, and other financial instruments are traded.
Melody: Is the ASX similar to other stock exchanges around the world?
Jonathan: Yes, it operates similarly to other major stock exchanges, providing a platform for companies to raise capital through the issuance of stocks and for investors to buy and sell securities.
Melody: How do companies get listed on the ASX?
Jonathan: Companies seeking to list on the ASX must meet certain eligibility criteria, including financial and governance requirements, and undergo a rigorous approval process.
Melody: Are there different categories of listings on the ASX?
Jonathan: Yes, companies can choose to list on the ASX’s main board or on alternative boards such as the ASX Small Cap or ASX Growth markets, depending on their size and growth prospects.
Melody: What are some of the largest companies listed on the ASX?
Jonathan: Some of the largest companies listed on the ASX include Commonwealth Bank of Australia, BHP Group, and CSL Limited, among others.
Melody: How does trading work on the ASX?
Jonathan: Trading on the ASX occurs electronically through a centralized trading platform, where buyers and sellers submit orders to buy or sell securities at specified prices.
Melody: Are there trading hours for the ASX?
Jonathan: Yes, the ASX operates on weekdays from 10:00 AM to 4:00 PM Australian Eastern Standard Time, with pre-market and post-market trading sessions available for certain securities.
Melody: Thanks for explaining, Jonathan. The ASX sounds like a vital hub for Australia’s financial markets.
Jonathan: You’re welcome, Melody. It plays a crucial role in facilitating capital formation and investment opportunities for companies and investors alike.