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Perth stock exchange

 

Stock Exchange of Perth (1889 - 1987)

 

Location: Perth, Western Australia

The Stock Exchange of Perth was formed in 1889. In 1987 it became the Australia Stock Exchange (Perth) Ltd.

  Image available here >>

http://hdl.handle.net/1885/114

1889 - 1987 Stock Exchange of Perth
1987 - Australian Stock Exchange

 

Previous and Subsequent Entities

? - 1887 Adelaide Stock and Share Association
1883 - 1968 Launceston Stock Exchange
1871 - 1987 Sydney Stock Exchange
1882 - 1987 Hobart Stock Exchange
1884 - 1987 Brisbane Stock Exchange
1884 - 1987 Melbourne Stock Exchange
1887 - 1987 Stock Exchange of Adelaide Limited
1889 - 1987 Stock Exchange of Perth

 

 
The Stock Exchange of Perth, Western Australia
Description
Photograph of a group of men in front of and in the entranceway of the Perth Stock Exchange Building. The men presumably all work in the building. The figure fifth from the right dressed in a jacket with conspicuous buttons all the way up the front and unusual headgear might be a messenger boy. The Exchange has a symmetrical façade and features bay windows and arched openings, balustrades and an entablature. Some of the decorative details are Classical, such as the Corinthian capitals on the pilasters. On the other hand, the small pillars above the entrance and the carved ornamentation on the upper window arches are more reminiscent of a Medieval cloister. The dates: 1889, and, 1897 are carved on either side. There is a plaque in the lower left of the façade, but the inscription is too faded to be legible. A number of businesses announce their occupation through signs painted onto windows. They include: T. C Dunster, Mining Agent; Polain & Co., Consulting Engineers; J. Polain, Architect; Tregurtha & Coles and G. W Dent & Co., Auctioneers. The Stock Exchange had for a period been housed in the National Bank building in St Georges Terrace, but that had been demolished in 1887. The building in this image was built to replace it.

Some info on ASX

 

The Australian Securities Exchange (ASX) is the primary stock exchange in Australia. The ASX began as separate state-based exchanges established as early as 1861. Today trading is all-electronic and the exchange is a public company, listed on the exchange itself.

The Australian Securities Exchange as it is now known resulted from the merger of the Australian Stock Exchange and the Sydney Futures Exchange in December 2006.

The biggest stocks traded on the ASX, in terms of their market capitalization, include BHP Billiton, Commonwealth Bank of Australia, Telstra Corporation, National Australia Bank and Australia and New Zealand Banking Group. As at 31-Dec-2006 the three largest sectors by market cap were financial services (34%), commodities (20%) and listed property trusts (10%).

The major market index is the S&P/ASX 200, an index made up of the top 200 shares in the ASX. This supplanted the previously significant All Ordinaries index, which still runs parallel to the S&P ASX 200. Both are commonly quoted together. Other indices for the bigger stocks are the S&P/ASX 100 and S&P/ASX 50.

The ASX is a public company, and its own shares are traded on the ASX. However, the corporation's charter restricts maximum individual holdings to a small fraction of the company.

While the ASX regulates other listed companies listed on the ASX, it cannot regulate itself, and is regulated by the Australian Securities and Investments Commission (ASIC).

The current managing director Robert Elstone was appointed in July 2006. Prior to the merger of ASX with the Sydney Futures Exchange (SFE), Robert Elstone was the CEO of the SFE.

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