JSE Stock Market Game 2010 Winner Calabar High School

Posted: June 17, 2010 at 12:00 am

One Hundred and Twenty-six Percent Return in Eight Months on their Stock Portfolio  
 
Calabar High School has surged past previous leader Bellefield High School to emerge the winners of the 2009/2010 JSE Stock Market Game for High Schools sponsored by The Gleaner Company and LIME Jamaica Ltd.
 
Launched on September 30, 2009 by Mrs. Grace McLean, then Deputy Chief Education Officer; School Operations in the Ministry of Education, encouraged the students to learn long life skill from the game. The General Manager of the JSE, Mrs. Marlene Street Forrest in her welcome thanked The Gleaner Company for another year of sponsorship and welcomed on board LIME Jamaica Ltd for sharing the vision for what she expressed would be a long and fruitful partnership in a move to groom young investors.
 
The season saw the students applying the fundamentals for stock trading especially in the last quarter of 2009 to ensure that their portfolios remain profitable. At the start of 2010 and after the Jamaica Debt Exchange (JDX) programme by the government, the students started to benefit from their early investment decisions which saw the students and schools’ positions changing except for Bellefield High, that assumed first place in December 2009 to April 2010.
 
Bellefield High School’s pair of Shawn Parker and Shaneil Smalling after being in first place for five consecutive months were unable to prevent the fast finishing Calabar (Rabalac) High School’s pair of Dexter Smith and Orane Burke from emerging winners in this the second season of the Game. The defending champion Hillel Academy found the early pace too hot and was unable to finish in the top three.
 
Calabar High School, with a portfolio value of $452,807.36, has been declared the winner of this year’s competition. The second place position has been awarded to Bellefield High School whose portfolio stood at $403,921.11 at the close of trading on May 31, 2010. Campion College soared past Hamption High School and Hillel Academy to occupy third place with a portfolio value of $287,133.00.
 
Calabar High School has an unrealized gain of $252,807.36 on the initial investment of $200,000.00. This represents a 12.35% lead over second place competitor Bellefield High School and 57.70% more than that of the third place competitor Campion College. Hampton High School and Hillel Academy are 4th and 5th place respectively.
 
Dexter Smith of Calabar High School has displayed exemplary skill in equity trading during the competition and now occupies 1st place with gains of $189,678.47 and a portfolio value of $289,678.47. Second place rival, Shawn Parker of Bellefield High School has a portfolio value of $254,554.70 with unrealized gains of $154,554.70. Orane Burke holds the 3rd place position with a portfolio value of $163,128.89.
Last year’s winner, Hillel Academy ended the competition in 5th place with a portfolio value of $252,080.90.
 
We would like to take this opportunity to thank our sponsors, the Gleaner Company and LIME Jamaica Ltd, our teachers from the various schools, the mentors from the brokerage houses, the analysts, Keisha Bennett from JMMB, Michelle Hirst and Shari DaCosta from Stocks & Securities Ltd., who prepared the monthly analysis for publication and the students who have demonstrated the discipline to trade regularly.
 
This year’s competition has come to an end and next year’s competition is to be launched within the coming months. Get your teams ready for next year as the Stock Market Game promises to be an exciting display of the trading skills of Jamaica’s high school students.
 
Analysis was done by Ms. Keisha Bennett (CFA), Market Risk Analyst, Jamaica Money Market Brokers Ltd (JMMB).

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