POMSoX announces name change

Port Moresby Stock Exchange Limited has changed its name to PNGX Markets Limited.

“The name Port Moresby Stock Exchange Limited – otherwise known as POMSoX – has served the company and the market well since 1998,” said PNGX Chairman, David Lawrence, in a statement.

“However, after 20 years, the Board considered it appropriate that the name of PNG’s national stock exchange better reflect the interests of the whole of PNG.

“As the centre of PNG’s capital markets, the new name reflects our intentions to meet the capital needs of other centres across the country. It also reflects our desire to modernise and to move into new markets and products within PNG.

“The new name is another step forward on an exciting redevelopment path for PNG’s capital markets,” added Lawrence.

Press release