St Mark's holds off the challenge of Loreto to claim share race crown
Published 21/02/2012 | 17:00
St Mark's High School, Warrenpoint has emerged victorious in the annual Investec Wealth and Investment/Business Telegraph School Share Race.
Despite strong competition from other competing schools, St Mark's maintained their position at the summit in the final weeks and stayed in top spot over the last hurdle to take the title and first prize of £500 of gift vouchers.
Thirty-five schools entered the competition last October and each was given a fictional £100,000 to invest in shares selected from the FTSE 350 Index. Over the period the Index rose by 6.91% as markets continued their steady recovery from the volatile conditions of the second half of 2011.
St Mark's portfolio increased by an amazing 27.7% over the four months the competition ran and they finished up over £4,000 clear of Loreto College, Coleraine, who made an equally impressive 23.5% return. They win £250 of gift vouchers.
Our Lady's Grammar, Newry came in third position, after finishing second last year - a further £11,500 behind Loreto, with an 11% return on their capital and they carry off £125 of gift vouchers as their reward.
A big thank you to all schools who took part and for those whose portfolio underperformed this time around - well, there's always next year!
Brian Craig is the Senior Investment director at Investec Wealth and Investment Ltd