Calabar High School seems to be unstoppable as it made four consecutive wins in the Jamaica Stock Exchange (JSE) Stock Market Game for High Schools.
The Jamaica Stock Exchange’s Stock Market Game for High Schools fifth season started in October 2012 and ended in April 2013. There were four first time entrants, three from St. Catherine Ascot High, Innswood High, Willowdene High and the other from Kingston in Trench Town High.
This website based simulation game allows students to buy and sell stocks traded on the JSE stock market. Each participating school has two students who trades and compete against each other and against students from other schools, over a seven months period. Each student is given JA $100,000.00 virtual money from which to invest in a portfolio of equity securities. The students with the highest portfolio value at the end of the period are declared the winners and the school with the highest aggregate will be crowned the JSE School Champion.
After the first three months of trading, former and three times champion, Calabar High took the lead and four months later they maintained their lead to be crowned champions for the fourth consecutive season. Their North Street rival Kingston College passed first time entrant Innswood High to place second. Innswood High secured the third place position and St. Jago High and Kingston Technical High placed fourth and fifth respectively to round off the top five schools for the 2012-2013 season.
Calabar High School, under the guidance of Ms. Loren McLeod has clearly developed the skills and discipline required to monitor, analyze the data and research skill to have them in order to make informed decisions.
Calabar High School’s combined portfolio value of $723,204.36 was $439,337.76 more than second placed Kingston College’s $283,866.60. With a portfolio valued at $282,680.50 third place winner Innswood High School was only $1,236.10 behind Kingston College. Fourth placed St. Jogo High School portfolio value of $204,494.76 was only $1, 219.26 ahead of fifth placed Kingston Technical High School which had a portfolio value of $203,275.50.
Members of the Calabar High team occupied both first and second place in the individual trading segment. Damorine Ellis is the individual winner with a portfolio value of $379,926.99; a $279,926.99 profit in seven months. Second in the individual category is Jason Hylton also of Calabar High; his portfolio grew by $243,277.38 on his initial $100,000.00 investment. Trevaune Baker of Kingston College placed a distant third with an increase of $67,596.60. Shemar Morris’ of Innswood High $54,617.50 increase placed him fourth and Mark Lindsay also of Innswood placed fifth with a portfolio growth of $16,270.00.
General Manager of the JSE, Mrs. Marlene Street, congratulates Calabar High School on their victory as well as all the students and teachers who participated. Mrs. Street Forrest emphasizes that “the Exchange will continue to promote the values and benefits of investing in the market to our children and encourage them to make use of the opportunity to understand the fundamentals of the market as they develop their critical thinking capabilities”.
Mrs. Street Forrest also congratulated all the schools that participated this season namely; Calabar High, Kingston College, Innswood High, St. Jago High, Kingston Technical High, Port Antonio High, Willowdene High, Old Harbour High, Hillel Academy, Merlgrove High, St. Hugh’s High, Campion College, Ascot High, Trench Town High, William Knibb and Guys Hill High, and wishes to see many more schools participating next season.
Analysis was done by Mr. Michael B. Johnson, Senior Marketing Officer, Jamaica Stock Exchange.
Register for the 2013-14 Stock Market Game for High Schools…Contact the JSE Marketing Department at 967-3271 or email michaelj@jamstockex.com or charletten@jamstockex.com
