POMSox offers education for first time investors

The Port Moresby Stock Exchange 

Many Papua New Guineans are realizing the vital importance of sound investment in their long term financial future. Port Moresby stock exchange (POMSox), in its endeavor to promote awareness on investing with paper assets recently concluded a one day seminar at Crown Plaza hotel in Port Moresby with estimated participants of over 100.

POMSox company secretary and listing manager Vincent Ivosa said investors need information to make sound investment decisions and that is what the First Time Investor Seminar provides.

“Investors need this information and we are trying our best to get this information out to them through initiatives like this” Ivosa said.

First Time Investor Seminar conducted by POMSox in collaboration with Kina Securities and Bank of PNG provides basic education on investing in stocks and government securities like treasury bills and inscribes stock.

In his presentation, Mr. Ivosa gave an overview of POMSox and its roles and functions.

“POMSox like other stock exchanges around the world has been developed to meet two basic and complementary needs; a company’s needs for funds and an individual or company’s desire to invest savings efficiently.

The fundamental purpose of POMSox is to provide an internationally competitive market for fair trading of PNG and international financial securities which are quoted in the Exchanges official trading list.

The market provides the means by which investors and the users of capital can be brought together for mutual benefit. These securities can be bought and sold on the market at competitive prices, which reflect current levels of supply and demand” Mr. Ivosa said.

Presenters from POMSox, Kina Securities and Bank of PNG covered stock market investment strategies as well as in government securities such as Treasury Bills and Inscribed Stocks.