What are the accepted price increments for placing orders on the New Zealand (NZX) and Australian (ASX) stock exchanges?
Last Updated: 23 Mar 2017
Exchange |
Instrument |
Price Range |
Price Steps |
NZX |
Equities, Rights Issues |
$0.01 - $0.199 $0.20 - $0.50 above 0.50c |
0.001 cent 0.005 cent 0.01 cent |
ASX |
Equities, Rights Issues |
up to 10c 10c up to $2.00 $2.00 and above |
0.001 cent 0.005 cent 0.01 cent |
Find out more on the exceptions for some stocks on the NZX.
Find out more information on the markets you can trade with ASB Securities with our guide.
Did this answer your question?
Related Answers
-
To update your Common Shareholder Number (CSN), please call us on 0800 272 732 weekdays 7am-6pm. Find out more about ...
-
Yes. Orders involving any of the following can only be placed over the telephone by calling our share trading team ...
-
A Shareholder Reference Number (SRN) is used to identify your Issuer Sponsored Shares listed on Australian Stock Exchange (ASX). Issuer ...
-
A beneficial owner is the person or persons whom enjoy the benefits of ownership even though title could be in ...
-
An At Market (market price) order cannot be cancelled as these trade instantly The implementation of a cancellation submitted, is ...
-
For IPOs and new issues, the lead broker is normally the main underwriter of the offer. Their role is to ...
-
You can manually add shares to or remove shares from your portfolio through adding a manual entry. Some of the ...
-
Adding to a new share trading account. To add an authorised person(s) when opening a new share trading account, please ...
-
Off–market securities transactions take place between an investor and another party, often a share registry or the company that issued ...
-
Pre-open and pre-close are small windows before official market opening time (pre-open) and official market closing time (pre-close) where investors ...
-
An index is the combined value of a group of securities that’s used as a benchmark by investors to measure ...
