Yong-Long Lai

Somebody was asking me about how I find stocks in the Australian Market… obviously they were asking for some type of Australian Stock Screener

The answer comes in two parts, if you are will to open a full service account with a broker they usually provide some sort of stock screener for the Australian Market. Plus they’ll give you reports and analysis (whether you believe what they write is up to you). If you want a free stock screener (Although, not exactly the best looking one I’ve seen but at least it can screen Australian stock relatively well) then try:

• Australian Stock Market Screener

I’ve used it a few times just to see if the results makes sense, but personally I don’t actively trade in the Australian Market (hence I don’t need this tool, plus if I wanted it I would just use my full service broker to get the information)

This is one of the reasons why I dislike trading in the Australian Market, simply because information is not easy to find, consolidate and compare. I feel that having a stock screener that you can trust is important and that’s why I love Google Stock Screener for US stocks.

Other reasons why I dislike trading in the Australian Market are:

• Liquidity (in the underlying stock and also the derivatives)
• Transaction fees is higher in Australia
• A single platform in the Market that allows me to trade majority of the instrument available (Stocks, Bonds, Exchange Traded Funds, Options etc.)
• Inability to find information easily so that I can compare between multiple companies in the same industry

I can go on with the list and go into details, but I’ll spare readers the pain of my ranting. Hope you find the Australia Stock Screener useful, let me know what you think or if you know any other better ones out there by leaving a comment.