Belfast Telegraph

Saturday 30 August 2014

Saints' shares march to top

St Genevieve's charges up 30 places in schools' fictional FTSE 350 battle

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.

background

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.

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