Belfast Telegraph

Saturday 19 April 2014

St Mary's girls still in front after seven weeks of share race

Week seven of the Investec Wealth and Investment/Business Telegraph School Share Race came to a close with St Mary's High School, Downpatrick, retaining its place at the top of the league table.

Their lead is now £3,000 over second placed Bangor Academy and Sixth Form College, who have swapped places with Loreto College, Coleraine, now down to third.

Elsewhere in the top five it is "as you were" with Kilkeel High School and Lismore Comprehensive, Craigavon unchanged in fourth and fifth respectively.

The FTSE index of leading companies ended the week 0.87% higher, as the market took the Chancellor's Autumn Statement of more years of austerity to come firmly in its stride.

Approximately half of the schools took the opportunity to effect changes to their portfolios and there will be two further opportunities to do so at the end of December and January.

Interesting to note that some teams retain significant cash balances, obviously hoping for a short term setback in the market to buy stocks at lower levels.

Twenty of the 36 schools have so far made money on their shares while all of these have also managed to out perform the benchmark index.

The competition, which began in October, runs until mid-February with the winners collecting gift vouchers as the top prize.