Mock values drop in KPMG investment challenge
In February almost all teams involved in the KPMG Senior School Investment Challenge saw the value of their virtual stock portfolio plummet.
Warwick Academy’s The Moral Hazards team held on to the lead for the fourth month in a row, despite their investment portfolio falling 11.4 per cent to $114,097.37.
CedarBridge Academy’s Titanium moved from third to second place, but their stock dropped 2.8 per cent to $111,600.55.
Meanwhile, Mount Saint Agnes’s Trust Me Bro Investments team were knocked from second to fifth ranking, with stock value plummeting 6.8 per cent to $107,536.66.
The Berkeley Institute’s Topster climbed from sixth place to third, but again saw the worth of their portfolio fall 0.5 per cent to $109,832.14.
Only Warwick Academy’s Enterprise Explorers saw a positive change in fortune, increasing their ranking from thirteenth in January with stock worth $101,605 to seventh, with a portfolio worth $103.200.08 in February, an increase of 1.6 per cent.
In this competition, secondary school students from across the island invest a virtual $100,000 in a pretend stock market that closely follows the real one. Teams are ranked by how much they net with their mock investments over six months of trading.
Some schools have multiple teams in the competition. When the challenge ends in April, the top team will win $10,000 for their school.
Warwick Academy’s The Moral Hazards are up on their initial mock investment by nearly 29 per cent in only three months.
Their virtual stock value has improved by $9,912.13 in the third and most recent month of the competition, from $119,075.47 to $128,687.60.