Belfast Telegraph

Belfast High stays on top despite the tough going

By Brian Craig

There was little change to either the top or bottom of the league table at the end of week five of the Investec Wealth and Investment/Business Telegraph Schools Share Race.

In what proved to be another dismal week's trading on the stock market the FTSE 350 index of leading companies fell by a further 3.7%.

However Belfast High School has maintained its position at the top of the class, despite a £6,000 fall in the value of its portfolio over the course of the five trading sessions.

Malone College, Belfast moves up into second, just £1,400 behind in a week where, not surprisingly, no school team made any money at all on their portfolio of investments.

Hot on their heels in third place are now Bangor Academy and Sixth Form College.

It has risen from sixth place last week. Wallace High, Lisburn remains unchanged in fourth and Belfast Royal Academy slips from last week's second to fifth.

The best performer of the week award goes to Regent House, Newtownards.

The team rises up eight places to sixth, simply by virtue of the fact that the team's portfolio only fell by 2.1% - the best performance of the week.

Only £15,000 separates top from bottom of the league table at present, so teams near the foot need not become disheartened just yet and schools near the summit should not become complacent as things can change very quickly.

A week is a long time in politics.

The same can be said of the stock market.

Thirty-five teams have entered this year's competition and the winners, whose portfolio is worth the most, will win gift vouchers as the top prize.

Brian Craig is the Senior investment director at Investec Wealth and Investment

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