St Mary's hanging on to top position but impressive Bangor close in
Published 05/02/2013 | 04:20
The Investec Wealth and Investment/Business Telegraph School Share Race now enters the home straight and with just two weeks to go before the closing date, St Mary's High School, Downpatrick have retained their position at the top of the league table – their portfolio of investments having risen by a further 1.7% over the course of the week.
However, hot on their heels is Bangor Academy, now just over £3,000 behind, after a positive week where their portfolio of investments surged by 2.65%. Kilkeel High School stay third and indeed there are no positional changes at all in the top seven.
Top performers of the week, however, were Regent House Grammar of Newtownards with a 3% increase as they rose up five places to eighth, in a last-ditch bid to break into the top positions.
In a week where the FTSE 350 index of leading companies finished largely unchanged, remarkably almost all school teams managed to record a positive return on their portfolio. Indeed half of the school teams have managed to outperform the 8% rise in the value of the FTSE 350 index since the competition got underway in October.
Schools have now all made the final changes to their portfolios as allowed under the rules of the competition and will no doubt be hoping that their final batch of sales/purchases turn out to be well timed for the final run in.
Final values for the schools' portfolios will be counted as at the close of business on Friday, February 15.
Brian Craig is Senior investment director at Investec Wealth and Investment Ltd