About PNGX Markets
The PNGX Markets (Abbrev. PNGX) is Papua New Guinea’s National Stock Exchange. It is responsible for running and maintaining the independent operations of the stock market in the country.
PNGX serves two fundamental aims:
- To provide an avenue for companies to raise funds for growth and expansion through the issue of shares to the public.
- To provide an opportunity for investors to invest their surplus funds into productive areas of the economy through the investment in shares of publicly listed companies.
The primary task of PNGX is to ensure integrity is maintained in its systems, and to provide confidence to investors and market participants.
Services provided by the exchange comprise of listing, trading, clearing and settlement that cover companies listed both on the domestic and foreign markets.
With the use of its technological facility, the PNGX Market Trading System (Abbrev. PETS), PNGX opens its market every business day at 9am-4pm and ensures trades are carried out by the two participating organizations.
With 24 years of exchange experience, PNGX is fairly small and slowly growing with a Market Capitalization of K138 billion. It currently lists 12 companies that cover the range from Aviation, Banking and Finance, Finance, Industrial, Mining and Exploration, and Oil and Gas industries.