PNG Stock Market down but still outperforming Australia's

Updated October 14, 2008 16:34:44

The Port Moresby Stock Exchange has started to feel the ill winds of market turmoil. On Monday, the exchange lost a further 51 point 5 points to close at 5265 points, more than 2000 points down on the market peak in June this year. With trading flat today, the market is now riding at about the same level it was this time last year. Syd Yates, Managing Director of Kina Securities, told Jemima Garrett that despite the losses, the Port Moresby Stock exchange is still outperforming markets in Australia, the US and Europe.

Jemima Garrett
Speaker: Syd Yates, Managing Director of Kina Group of Companies.