ASX.AX - ASX Limited

ASX - ASX Delayed Price. Currency in AUD
82.53
+0.60 (+0.73%)
At close: 4:10PM AEDT
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Previous Close81.93
Open82.50
Bid82.53 x 0
Ask82.56 x 0
Day's Range81.88 - 82.85
52 Week Range57.37 - 89.67
Volume418,031
Avg. Volume431,255
Market Cap15.977B
Beta (3Y Monthly)1.06
PE Ratio (TTM)32.48
EPS (TTM)2.54
Earnings DateN/A
Forward Dividend & Yield2.29 (2.79%)
Ex-Dividend Date2019-09-05
1y Target Est56.85
  • State of the Australian economy
    Yahoo Finance Video

    State of the Australian economy

    The U.S. isn't the only country facing economic uncertainty. Yahoo Finance’s Editor-in-Chief Andy Serwer is in Australia, for Yahoo Finance's All Markets Summit, and he found what's on the minds of investors and officials there.

  • Read This Before Selling ASX Limited (ASX:ASX) Shares
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    Read This Before Selling ASX Limited (ASX:ASX) Shares

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

  • Hong Kong’s Stock Exchange Won’t Find Love in London
    Bloomberg

    Hong Kong’s Stock Exchange Won’t Find Love in London

    (Bloomberg Opinion) -- The audacious bid by Hong Kong’s stock exchange for its London rival is likely to fail – and that’s no bad thing.Hong Kong Exchanges & Clearing Ltd.’s unexpected $36.6 billion offer for London Stock Exchange Group Plc would create one of the world’s largest trading hubs. The cash-rich, equities-focused HKEX would gain an edge in fixed-income trading, but in a world where algos and bots handle much of the action, the bidder would do better to take a page from LSE’s playbook and look for bigger data sources. Hong Kong Exchanges calls its plan to create an Asian-European giant that’s open 18 hours a day a "vote of confidence in London and the United Kingdom’s future role as a global financial center” at a time that Brexit paralysis is clouding the outlook. The move also shows belief that, despite the recent protests, Hong Kong can still produce world-stage firms.The more than 300-year-old London exchange has a lot going for it, including fixed-income heft and the FTSE Russell portfolio of index benchmarks used by institutional investors. The offer values LSE shares at 8,361 pence (about $103), around 42 times 2019 earnings, according to Citigroup Inc. analysts, much higher than the London bourse’s historical average price-earnings multiple of 22 times. But Hong Kong Exchanges’ offer would scupper LSE’s own bid for data provider Refinitiv, a deal that LSE shareholders like as shown by its soaring share price. They, and politics, may stand in HKEX’s way. U.K. regulators will have a tough time accepting the takeover of a British institution by a Hong Kong company. Given the impact to global financial markets and the popularity among exchange-traded funds of the FTSE Russell indexes, U.S. regulators may also weigh in. HKEX Chief Executive Charles Li can argue that his firm is already a global company, having acquired the London Metal Exchange in 2012, but it remains a foundation stone of Hong Kong. The city’s government owns just 5.9% but appoints the majority of the directors. Exchange mergers are sensitive propositions anywhere. The LSE has been a frequent target and was in the sights of Germany’s Deutsche Boerse AG three years ago until  Brussels blocked the deal. In the Asia-Pacific region, Singapore Exchange Ltd.’s 2011 bid for ASX Ltd. was rejected by Australian regulators on national-interest concerns.There are also questions over HKEX’s deal-making prowess. HKEX acquired the LME, the world’s biggest venue for trading base metals like aluminum, at the top of the commodities cycle. It promised LME members that it would have a warehouse in China from which to access the country’s massive metals market.  Seven years later and it doesn’t, as Chinese authorities seek to protect homegrown commodities entities, including the Shanghai Futures Exchange and the Dalian Commodities Exchange.There is no doubt that HKEX needs to diversify. Volumes on the exchange have slumped and it has fallen off its perch as the world’s top IPO venue last year.Stock exchange businesses reliant on volatile volumes are increasingly passe in a world of computerized trading. With little overlap with LSE, Hong Kong Exchanges can’t count on simply cutting costs. The key to growth for exchanges is in the data that fixed-income, currency, and equities traders need and the analytical tools that deliver it to them. That’s why LSE has pursued Refinitiv. HKEX has depended on a strategy of being the gateway to China through its stock and bond trading links. The value of that role is diminishing as the country opens direct access to markets, removing quotas Tuesday on purchases by global  funds. Wanting to go beyond Hong Kong to create a global powerhouse is understandable. Doing so with another market grappling with its own political crisis and uncertain future post-Brexit is less so. Li likened the Hong Kong exchange’s unsolicited takeover of LSE to a “corporate Romeo and Juliet.”He missed the point on how that story ended.To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • What Do Analysts Think About ASX Limited's (ASX:ASX) Future?
    Simply Wall St.

    What Do Analysts Think About ASX Limited's (ASX:ASX) Future?

    The most recent earnings update ASX Limited's (ASX:ASX) released in August 2019 indicated that the company benefited...

  • Benzinga

    Australian Securities Exchange Partners With VMware For Blockchain Tech

    The Australian Securities Exchange (ASX) has partnered with VMware, Inc. (NYSE: VMW) in replacing its Clearing House Electronic Subregister System (CHESS) with another platform that is based on distributed ledger tech (DLT), according to ZDNet. This means that ASX will be working with two partners: VMware and Digital Asset, a blockchain startup. “This new partnership is a very positive development that will help us support a wider range of DLT solutions developed by the industry.

  • Thomson Reuters StreetEvents

    Edited Transcript of ASX.AX earnings conference call or presentation 14-Aug-19 11:30pm GMT

    Full Year 2019 ASX Ltd Earnings Presentation

  • ASX (ASX:ASX) Shareholders Have Enjoyed An Impressive 139% Share Price Gain
    Simply Wall St.

    ASX (ASX:ASX) Shareholders Have Enjoyed An Impressive 139% Share Price Gain

    The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

  • TheStreet.com

    [video]Fox Corp. Snaps Up Credible Labs in Deal Worth $340 Million

    Fox News owner Fox Corp. reached a deal to acquire a two-thirds stake in fintech company Credible Labs in a deal worth $340 million. Under the terms of the deal, Fox will acquire 67% of Credible, which is listed on the Australian Securities Exchange, for $265 million in cash, a 31% premium to the company's stock price on May 29. Also, Fox will commit a further $75 million in capital over two years to developing Credible, which is a consumer finance marketplace.

  • What Should We Expect From ASX Limited's (ASX:ASX) Earnings In The Year Ahead?
    Simply Wall St.

    What Should We Expect From ASX Limited's (ASX:ASX) Earnings In The Year Ahead?

    Based on ASX Limited's (ASX:ASX) earnings update in December 2018, analysts seem cautiously optimistic, with profits...

  • Thomson Reuters StreetEvents

    Edited Transcript of ASX.AX earnings conference call or presentation 13-Feb-19 11:30pm GMT

    Half Year 2019 ASX Ltd Earnings Presentation

  • Is ASX Limited's (ASX:ASX) High P/E Ratio A Problem For Investors?
    Simply Wall St.

    Is ASX Limited's (ASX:ASX) High P/E Ratio A Problem For Investors?

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...

  • Does ASX Limited's (ASX:ASX) Past Performance Indicate A Stronger Future?
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    Does ASX Limited's (ASX:ASX) Past Performance Indicate A Stronger Future?

    Assessing ASX Limited's (ASX:ASX) past track record of performance is an insightful exercise for investors. It allows...

  • This Silicon Valley tech exec flew 7,000 miles to take his internet company public in Australia
    CNBC

    This Silicon Valley tech exec flew 7,000 miles to take his internet company public in Australia

    Life360, a San Francisco social media company, went public this week on the Australian Securities Exchange.

  • A Holistic Look At ASX Limited (ASX:ASX)
    Simply Wall St.

    A Holistic Look At ASX Limited (ASX:ASX)

    Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on ASX Limited (ASX:ASX) due to its excellent fundamentals in more than one area. ASX is a well-regarded...

  • Reuters

    U.S. family tracking app Life360 seeks investors for Australia IPO

    U.S. family tracking app operator Life360 has begun approaching potential investors for a listing in Sydney, fund managers said on Monday, valuing the company at up to $675 million in what could be Australia's biggest technology IPO in three years. Opting for an Australian listing, where the startup already has a number of institutional investors, Life360 plans to raise about $100 million via an initial public offering (IPO) by mid-year, current investors said. Life360 provides a free mobile app that allows family members to track each other, as well as "premium" services such as a panic button that sends location notifications.

  • Should You Worry About ASX Limited's (ASX:ASX) CEO Salary Level?
    Simply Wall St.

    Should You Worry About ASX Limited's (ASX:ASX) CEO Salary Level?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Dominic Stevens became the CEO of ASX Limited (ASX:ASX) in 2016. First, this article will compare CEO compensation...

  • ASX Limited (ASX:ASX): Ex-Dividend Is In 3 Days
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    ASX Limited (ASX:ASX): Ex-Dividend Is In 3 Days

    On the 27 March 2019, ASX Limited (ASX:ASX) will be paying shareholders an upcoming dividend amount of AU$1.14 per share. However, investors must have bought the company's stock before 07Read More...

  • What Should You Know About The Future Of ASX Limited’s (ASX:ASX)?
    Simply Wall St.

    What Should You Know About The Future Of ASX Limited’s (ASX:ASX)?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! ASX Limited's (ASX:ASX) released its most recentRead More...