Farnborough Hill reach the semi-finals in stock market challenge to be in the running for a trip to New York
A team of Year 12 and 13 Economists have battled their way into the Student Investor Challenge semi-finals, beating over 5,000 teams from schools around the UK and abroad.
The Student Investor Challenge, run by The London Institute of Banking & Finance, challenges teams to invest virtual money on the London Stock Exchange and trade stocks and shares to make a profit.
LEKH Ltd. consisting of 4 team members (Hannah, Eryl, Katherine & Jessica) successfully invested virtual money and were positioned 118th in their strategic portfolio (top 2%) after the first round of trading. Only the top 500 teams progress to the semi-finals. They’ll now go on to battle the remaining 499 teams to try and reach the final in London.
Dr Tytko, Teacher in charge, says, “The valuable lessons the students have gained from participating is the insight that risks must be managed and not ignored. They have shown that as a team they can set risk objectives and manage those risks through purchasing an appropriately diversified portfolio.”
Alison Pask, Managing Director of Financial Capability and Community Outreach at The London Institute of Banking & Finance, says: “This competition is a powerful way of engaging young people with how the finance sector works and relating it to everyday life. The movement of stocks and shares, currency fluctuations and central bank activities can feel quite remote and difficult to get to grips with. By bringing it to life through a trading game, young people have proved they can grasp how economies work and the basics of investment. So, congratulations to the semi-finalists for making the top 500, it’s a great achievement!”