Saints' shares march to top
St Genevieve's charges up 30 places in schools' fictional FTSE 350 battle
Published 23/11/2011 | 08:00
It's all change at the top of the table at the end of week three of the Investec Wealth -amp; Investment/Business Telegraph School Share Race.
St Genevieve's High School, Belfast rises 30 places to top spot with a remarkable £12,000 increase in the value of their portfolio during the week. They lead last week's table toppers Belfast High School by just under £1,000 in what proved to be another topsy turvy week in world stock markets.
Meanwhile, in Newry, Our Lady's Grammar move up a staggering 27 places from bottom to eighth with an £8,000 rise in the value of their investments.
It was also a good week for St Mark's High School, Warrenpoint -amp; Loreto College, Coleraine with £4,000 rises in value each.
Only £14,000 separates top from bottom at present so expect more dramatic changes in league placings in the coming weeks.
Overall the FTSE 350 index ended the week just 0.3% higher as the market attempted once again to make sense of Europe's leaders' strategy to solve the long running debt crisis.
A total of 35 schools entered this year's competition with the winners, - whose portfolio is worth the most - receiving gift vouchers come mid-February.
The ninth annual Investec Wealth -amp; Investment/Business Telegraph Schools Share Race sees 35 teams from schools across the country invest a fictional £100,000 in a portfolio of shares selected from the FTSE 350 Index. The competition runs until mid February with the top three schools collecting gift vouchers as a prize. At the end of week three, the FTSE 100 was trading at 2923.81, up from 2893.27.