When is the Australian Stock Market Closed: Full List of Holidays

Liz Allen June 01, 2023 | 11:43

For your reference, we have included the complete list of market holidays for the Australian Securities Exchange (ASX) here. To plan and schedule your ASX trading operations, you can consult the list.

What Time Do the Stock Markets in Australia Open and Close??

Can Foreigners Purchase Or Invest In The Australian Stock Exchange??

What Holidays are Australia Stock Market Closed - Photo: KnowInsiders.com

What is the Australian Securities Exchange?

The Australian Securities Exchange (ASX) is a leading global financial market exchange headquartered in Sydney, Australia. The ASX, as a fully operational securities exchange, offers a variety of services, including listings, trading, clearing, settlements, technical and information services, and post-trade services.

In addition, the Australian Securities Exchange is Asia's largest interest rate derivatives market. The ASX was founded in 1987 as a national exchange. The Sydney Futures Exchange and the Australian Stock Exchange merged in 2006. Furthermore, the Australian Securities Exchange launched a new group structure in 2010 and is now known as the ASX Group.

Types of ASX Markets

In numerous markets, the Australian Securities Exchange trades. Additionally, it promotes corporate governance and monitors financial compliance in the ASX markets. Some of the markets where the ASX trades are as follows:

• Bond market

• Derivatives market

• Equity market

• Financial development

• Foreign exchange market

• Funds management

List of Trading Holidays of ASX Market

PUBLIC HOLIDAY	DATES	TRADING DAY[1]	SETTLEMENT ACTIVITY – ASX Settlement (CHESS)	SETTLEMENT ACTIVITY – ASX Clear (Derivatives)	BUSINESS DAY[2]
New Year’s Day	Monday 3 January[3]	CLOSED	No Settlement	No Settlement	NO
Australia Day	Wednesday 26 January	CLOSED	No Settlement	No Settlement	NO
Good Friday	Friday 15 April	CLOSED	No Settlement	No Settlement	NO
Easter Monday	Monday 18 April	CLOSED	No Settlement	No Settlement	NO
ANZAC Day	Monday 25 April	CLOSED	No Settlement	No Settlement	NO
Queen’s Birthday	Monday 13 June	CLOSED	No Settlement	No Settlement	NO
Last Business day before Christmas Day	Friday 23 December	OPEN	Settlement	Settlement	YES
Boxing Day	Monday 26 December	CLOSED	No Settlement	No Settlement	NO
Christmas Day	Tuesday 27 December[4]	CLOSED	No Settlement	No Settlement	NO
Last Business day of the Year	Friday 30 December	OPEN	Settlement	Settlement	YES

[1] A Trading Day means ASX Trade is open for trading.

[2] In terms of the operating rules of the ASX markets and clearing and settlement facilities.

[3] Substitute for Saturday 1 January

[4] Substitute for Sunday 25 December

ASX Limited reserves the right to declare additional Non-Business Days or alter those currently specified herein without notice to holders of this calendar.

No responsibility is accepted for any inaccuracies in the matter published.

Rest of Trading Holidays of ASX Market

Saturday	Dec 25, 2021	Christmas Day	Full-Day Off
Tuesday	Dec 28, 2021	Boxing Day	Full-Day Off

Can Foreigners Buy Or Invest In Australian Stock Market?

How to buy (invest in) stocks in Australia for overseas residents? Read on to know the guidelines and tips for investing the stocks in Australia ...

How to Buy and Sell Investments

Choose a broker

ASX-quoted products are only available for purchase and sale through an ASX participant broker and are traded electronically. You might value the counsel of a full-service broker or adviser if you are new to investing. You might prefer a non-advisory stockbroker if you are interested in low-cost trading and are confident in your understanding of the market. It is beneficial to compare the services that various broking firms provide to your needs.

Different services are offered by brokers. For more details on the kinds of questions you can pose to a broker when choosing one, visit the Find a Broker page.

Order and Execution

You choose how many securities you want to buy or sell, as well as their price, when you place an order to buy or sell products that are traded on the ASX.

If your broker offers advice as a part of their services, they will assist you in making these choices.

Your broker places your order to buy or sell securities on your behalf through the ASX trading platform.

Market-wide buy and sell orders are matched with one another. Orders were entered into the platform in the same order and are typically matched based on price.

When a buy order and a sell order are matched, a trade is made. You will then get a confirmation that your trade actually happened.

When you buy, you have two days (T+2) from the time your broker executes your order to pay for the securities.

MFund

Investors have access to mFunds, unlisted managed funds offered by ASX. These goods are not exchange-traded like shares or ETFs. The ASX mFund Settlement Service is used to send the investor's order to the fund manager when they want to purchase a mFund rather than directly from the investor.

The investor receives the mFund units after the order is completed, and they are kept on your HIN (Holder Identification Number) with your other ASX-listed investments.

Brokerage Account

A client account must typically be created with a broker before you can begin trading. Although it usually takes a day or two, this process can take up to a week. To facilitate money transfers for payment and the sale of your investments, you might need a cash management account with a financial institution.

Your goals, financial situation, and needs will be discussed by the broker who gives you personal financial product advice.

They don't need this information from you, but they can only give you recommendations that are unique to you after thoroughly understanding your needs and circumstances.

Since non-advisory brokers do not offer advice on personal financial products, they are exempt from this requirement.

When is the Australia Stock Exchange open for trading?

The Australia Stock Exchange is open Monday through Friday from 10:00 am to 4:00 pm Australian Eastern Daylight Time (GMT+11:00).

Does the Australia Stock Exchange close for Lunch?

The Australia Stock Exchange doesn't shut down for lunch, unfortunately.

For lunch, many markets in Asia and a few in the Middle East close. The majority of the rest of the world's markets don't close for lunch. Lunch breaks are taken into consideration in both our market countdown and the TradingHours.com API.

The middle of the day typically has less liquidity. Near the start and end of the day is when trading takes place the most. By increasing liquidity and lowering spreads, a smaller trading window can contribute to more efficient markets.

Is the Australia Stock Exchange on Saturday or Sunday?

No, the Australia Stock Exchange is not open on weekends.

The Australia Stock Exchange is open for trading Monday-Friday. Stock Exchanges in America, Europe, and Asia follow the typical Monday to Friday schedule. However, in the Middle East the work week typically runs from Sunday through Thursday.

How long is the Australia Stock Exchange open for?

There are six hours total per day that the Australia Stock Exchange is open. Most markets are open from five to seven hours a day. Smaller markets frequently have shorter hours of operation.

A shorter trading session condenses all trading activity into a smaller time frame, which improves market efficiency by increasing liquidity, reducing spreads, and shortening the trading day. There may be less volatility as a result of shorter trading sessions. Price volatility during trading hours may be caused by material news. A shorter trading period means that more news will break outside of regular trading hours, giving investors more time to process it and reducing the likelihood of hurried trading decisions.

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