Papua New Guinea Stock Exchange (PNGXPNGX PNG National Stock Exchange)
Overview
PNGX Markets Limited (PNGX) is Papua New Guinea’s only stock exchange.
It was formerly known as Port Moresby Stock Exchange Limited (PomSox) and was renamed PNGX in December 2018 after a change in ownership.
PNGX began operations in 1999 and provides a formal marketplace where companies can raise money from investors and where investors can buy and sell shares.
Current PNGX Listed Entities
1. BSP Financial Group Limited (BSP) – Banking & Finance
2. Credit Corporation (PNGPNG Papua New Guinea) Limited (CCP) – Finance
3. PNG Air Limited (CGA) – Aviation
4. City Pharmacy Limited (CPL) – Industrial
5. Kina Asset Management Limited (KAM) – Investment
6. Kina Securities Limited (KSL) – Banking & Finance
7. NGIP Agmark Limited (NGP) – Agriculture & Industrial
8. Newmont Corporation (NEM) – Mining & Exploration
9. Niuminco Group Limited (NIU) – Mining & Exploration
10. Pacific Lime and Cement Limited (PLC) – Mining & Exploration
11. Santos Limited (STO) – Oil & Gas
12. Steamships Trading Company Limited (SST) – Industrial
Role of the Securities Commission
The Securities Commission of Papua New Guinea is the regulator of the PNGX stock market. The Commission performs the following functions:
Approval of market rules
Licensing of market intermediaries
Market surveillance
Monitoring compliance and market conduct
Promoting investor protection and market confidence
Legal Framework
The market is governed by key legislation enacted in 2015:
Securities Commission Act 2015
Capital Market Act 2015
Central Depository Act 2015
These laws replaced the Securities Act 1997 and strengthened the regulatory framework governing Papua New Guinea’s capital markets.
How to Buy Shares
You cannot buy shares directly from PNGX. Investors must use an authorized stockbroker.
Currently licensed brokers include:
JMP Securities Limited
Kina Securities Limited
Trading Hours
Trading takes place on the PNGX electronic system:
Days: Monday to Friday
Time: 10:00am – 4:00pm
Closed: Weekends and public holidays
Trades are settled manually and usually complete two business days after the trade (T+2).
PNGX Listing Rules
PNGX has Listing Rules that companies must comply with. These rules cover:
Admission to the official list
Financial requirements
Disclosure obligations
Ongoing reporting requirements
Suspension and delisting procedures
The PNGX Board has authority to create and amend listing rules, subject to approval by the Securities Commission of Papua New Guinea.
Admission Categories
PNGX offers three main admission categories:
General Admission
Debt Issuer Admission
Exempt Foreign Entity Admission
Ways Companies Can List on PNGX
Compliance Listing – Listing without raising new capital
Initial Public Offer (IPO) – Listing while raising funds from investors
Benefits of PNGX
PNGX allows Papua New Guineans to:
Invest in local companies
Build long-term wealth
Participate in national economic growth
Earn dividends from profitable companies