PNGX, Papua New Guinea’s national stock exchange, is planning to keep the market open, orderly and fair in the national interest.
PNGX, Papua New Guinea’s National Stock Exchange, acknowledges and supports statements made by Prime Minister Marape setting out efforts to control the spread of Covid-19 within PNG.
PNGX advises that, for some time, it has been in communication with listed companies, brokers, share registries, technology providers and Department of Treasury in preparation for any impact arising from Covid-19 and global markets turmoil. PNGX has also liaised with the Australian Securities and Investments Commission and ASX Limited in relation to those companies which are dual listed on PNGX and ASX.
PNGX has in place, and is continuing to put in place, appropriate arrangements to ensure that the PNGX market remains open through what could be difficult and challenging times.
“The PNGX market has been insulated to date from the effects of Covid-19 and global markets turmoil. It is important in times like these that confidence is retained in the country’s social and financial institutions” said PNGX Chairman, David Lawrence. “For this reason, we are working to keep the market open, orderly and fair in the national interest. We will continue to listen to the advice of the Government to ensure the health and safety of our staff and the ongoing confidence of the market”.
