The Jamaica Stock Exchange, Gleaner Company sponsored Stock Market Game for high schools was launched on Wednesday October 1, 2008 by the Hon. Andrew Holness; Minister of Education & Youth at the Hilton Kingston Hotel.
There are 18 schools participating from accross the island and the competition will run for 10 weeks.
The objectives of the JSE Stock Market Game are to help students understand:
1. How to trade in the stock market
2. How to manage an equity portfolio
3. The costs and benefits involved in economic decision-making.
The Stock market Game will also help to promote public understanding of the stock markets and the economy and create awareness about the role of the stock market in a country’s economic development.
What is the Stock Market Game?
What is the Stock Market Game?
The Stock Market Game is a simulation game for the Jamaica Stock Exchange developed to promote a better understanding of the stock market and how it works. It is aimed at High School students in 4th to 6th form. It is designed to strengthen students’ critical thinking skills and build confidence and self-esteem. Most importantly, the stock market game will instill an understanding of the need to save and invest at an early age.
Likely Impact on Students
The Stock Market Game allows students to:
The Stock Market Game allows students to:
1. Play a simulated game of trading on the Jamaica Stock Exchange using imaginary funds in competition with teams from other schools.
2. Build and manage their own portfolio based on stock traded on the Exchange;
3. Compete against other students;
4. Assist with building skills and gaining investing experience;
5. Provide research resources and current market news to help make informed decisions;
6. View portfolio summaries, stock performance, order details and transaction history;
7. View charts showing portfolio performance;
8. Use Blogs to allow users to discuss portfolios;
9. View game summary highlights showing scores/positions for team;
Basic Operations and Rules
1. Thirty schools will be invited to participate from a list of schools that visited the JSE over the past three years as a part of the school education programme;
1. Thirty schools will be invited to participate from a list of schools that visited the JSE over the past three years as a part of the school education programme;
1. Thirty schools will be invited to participate from a list of schools that visited the JSE over the past three years as a part of the school education programme;
2. The schools will be required to complete a registration form and fax it to the Jamaica Stock Exchange (876-967-3271)
3. The competition will run for a duration ten weeks after which the JSE will determine the winners based on the highest portfolio value;
4. No school will be eliminated. One winner and two runners up will be selected based on portfolio performance;
5. Each school will be assigned two investor game account access and one instructor game account access;
6. Students will be given $100,000.00 of virtual funds, to invest in common stocks listed on the Jamaica Stock Exchange;
7. A teacher from each participating school would be responsible for a maximum of two students per school. These students will be set up on the system to participate individually;
8. Stock prices are based on real time market prices during the hours of 9:30 a.m. to the close of the market at 1 p.m.;
9. Selection of stocks for the portfolio after the close of the market will be based on the day’s last traded price;
10. The portfolio trading represents ‘true’ activities in the market;
11. Portfolio value will be based on the end of day/real time pricing;
12. The Game will provide research resource and current market information to help make informed decisions;
13. The Game will provide a summary page showing the ranking of each school based on portfolio performance and value;
14. Students will be able to view portfolio summaries, stock performance, order details and transaction history;
15. It will be the responsibilities of the instructors and students to conduct their own research and analysis.
Game and Portfolio Manager Rules
1. The game will be played between the hours of 9:30am and 8:00pm, Monday to Friday;
2. All buy and sell orders must be a minimum of 100 shares;
3. Each team begins the simulation with $100,000.00 of virtual funds;
4. End of day game transactions are priced at market daily closing prices;
5. There will be no broker fee charged for transactions;
6. No Interest is paid on cash balance in the portfolio;
7. A record of student’s portfolio and transactions will be available daily;
8. Student will not be allowed to reset their portfolio;
9. Return on portfolio will be aligned with Corporate Actions such as bonus, stock, split etc;
10. Prices should be in accordance with the Exchange Circuit Breaker rule which stipulates that should not trade +/- 15% of previous day’s closing prices.
11. Only the previous day available share volume will be available for purchase;
12. It is the responsibility of the students and instructors to learn and abide by all rules.
A training/tutorial will be provided to participants of the game on how to use the technology and how to access the JSE’s website and to assist with data gathering/research.
