St Malachy's still leading share race
Published 01/12/2009 | 08:00
It was steady going in week five of the Rensburg Sheppards/Business Telegraph Schools Share Race, with few changes to the leaderboard.
In what proved to be a very quiet week for the stock market, St Malachy's College, Belfast maintained its position at the top of the class, despite seeing the value of its portfolio fall slightly over the course of the week.
Hot on its heels in second place is Cookstown High, which continued a remarkable ascent up the table from 30th place just three weeks ago to break the stranglehold of schools from Belfast in the top four.
The best performer in the week ending November 23 was Friend's School, Lisburn. Its team jumped 10 places to 8th and it was one of only five teams whose portfolio rose in value during the five days trading in a week where the FTSE 350 index of leading shares fell in value by 1%.
It was a not such a good week for Dungannon Integrated College and St Louise's College, Belfast.
Both teams dropped 14 places to 23rd and 27th respectively as the value of their portfolios suffered losses. As Cookstown High has demonstrated however, fortunes can turn around very quickly and a surge in one of more of their shares can result in them moving sharply up the table again.
Thirty two teams have entered this year's competition and the winners at the end of 16 weeks, will win HMV vouchers.