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List of 18 Publicly Traded Companies in Papua New Guinea

Updated on April 27, 2015
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Why invest and why this article?

Why invest and why this article? Such an interesting question isn't it? Not only interesting but is a a serious one though.

Investing you money as someone wise once remarked is;

"Buying a day in the future that you won't work".

Personally, this line makes hell lot of sense to me. If you invest and do it systematically, over time, you sure to grow you wealth. I am not taking about getting rich quick runs.

2 Ways to Make Money

According to Investopedia gives for investing for future is the prospect of not having to work your entire life! If you look carefully, there are two ways to make money.

1. By working for others or

2. Having your money work for you

If you keep your money in your back pocket instead of investing it, your money doesn't work for you and you will never have more money than what you save. By investing your money, you are getting your money to generate more money by earning interest on what you put away or by buying and selling assets that increase in value.

Investing is not simple and not for everyone so to speak. But like any other fields, like law, accounting, etc, you can learn and practice to be a good investor. It takes bit commitment and loads of determination to be a successful investor.

Stick to my articles. Check and read all my related articles on business and investment.



This is an exhaustive list containing all the publicly traded companies in Port Moresby Stock exchange (POMSoX) in Papua New Guinea. The POMSoX was established and registered as organization under the Companies Act 1997.

POMSoX is responsible for running and maintaining the independent operations of the stock market. Its primary task is to ensure integrity in its systems and provide confidence to investors and market participants.

So for those very new to the thing called stock market, what is a publicly listed company? Where do I find them and how do I invest in them? These are but few of the many questions that bombard newbies who wish to invest in stock market.

In the next few lines, I try to answer these questions and give you a list of all publicly listed companies in POMSoX to help you get started.



What a publicly listed companies?

The site investopedia defines ‘Public Company’ as;

“A company that has issued securities through an initial public offering (IPO) and is traded on at least one stock exchange or in the over the counter market. Although a small percentage of shares may be initially "floated" to the public, the act of becoming a public company allows the market to determine the value of the entire company through daily trading”

When a company goes public as explained above, the company is subjected to greater scrutiny by government authorities and investing public. That is not to say going public is bad for companies. As matter of fact, taking a company public is a big milestones achieved by those who found and build the company or those that are hired to manage the company for that matter.

Keeping a company as Private Company, which means not listed in a stock exchange or going public is a highly critical decision for corporations.

Watch this video on difference between Private and Public Companies

Company Name
Stock Code
Listed in
Airlines of Papua New Guinea
CGA
POMSoX
Bank South Pacific Limited
BSP
POMSoX
Bank South Pacific Notes
BSPHA
POMSoX
City Pharmacy Limited
CPL
POMSoX
Coppermoly Limited
COY
POMSoX & ASX
Credit Corporation (PNG) Limited
CCP
POMSoX
Highlands Pacific Limited
HIG
POMSoX
Indochine Mining Limited
IDC
POMSoX & ASX
InterOil Limited
IOC
POMSoX & NYSE
Kina Asset Management Limited
KAM
POMSoX
Kina Petroleum Limited
KPL
POMSoX
Marengo Mining Limited
MMC
POMSoX & ASX
New Guinea Energy
NGE
POMSoX & ASX
New Guinea Islands Produce Company
NGP
POMSoX
Newcrest Mining Limited
NCM
POMSoX & ASX
Niuminco Group Limited
NIU
POMSoX
Oil Search Limited
OSH
POMSoX & ASX
Steamships Trading Company Ltd
SST
POMSoX & ASX
Source: www.pomsox.com.pg Notes: POMSoX - Port Moresby Stock Exchange ASX-Australian Stock Exchange NYSE-New York Stock Exchange

General conclusion

This is a short article listing the publicly listed companies in POMSoX. Few of the companies are also listed in other overseas stock exchanges. Visit POMSoX and ASX website and dig up more details.

Happy Investing

Comments

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    • Romney Tabara profile image

      Romney Charles Tabara 

      6 months ago from Port Moresby, Papua New Guinea

      Hi Ian, help me out I am new to this site and just trying my hand at writing

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