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Author: Admin | 2025-04-28
Will go up, and vice versa. The top Australian Stock Exchange brokers offer insights into daily volume and volatility.TiersSome stock exchanges have tiers for their listed companies, with higher tiers needing a higher market cap to appear on the listings. This is similar to the different boards ASX has.The top tier is the ASX 200. These companies are typically well-established, blue-chip companies with a strong track record of profitability and liquidity.The second tier is known as the ASX 300, which is made up of companies ranked between 201 and 500 by capitalisation. These companies are typically mid-sized, growth-oriented firms that have not yet achieved the size and scale of the largest companies on the ASX.The ASX All Ordinaries is the third tier and is a broader index that includes all companies listed on the ASX, except for those listed on the ASX 200 and ASX 300. This includes many smaller firms that still have plenty of potential for growth.The ASX also has other indices that track specific sectors or industries, such as the ASX Small Ordinaries, the ASX 50, and the ASX Emerging Companies Index. However, most retail ASX brokers do not provide access to these.WeightingsASX indexes are heavily influenced by the performance of the largest companies listed on the exchange due to each company’s weighting being determined by its market cap. Capitalisation refers to the total value of a company’s outstanding shares of stock, and is calculated by multiplying the company’s share price by the number of shares outstanding.The S&P/ASX 200 is a market-capitalisation-weighted index, which means that the companies with the highest market capitalisation make up a larger percentage of the index than smaller firms.Australian Stock Exchange RulesHow Do Companies Get Listed?For a company to be listed on the ASX, it must meet certain requirements. This is to
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