Published on: 7 November 2017
Each year, Christ Church Grammar School enters a number of classes into the ASX’s Sharemarket Game as part of the Economics and Finance areas of Humanities, enabling boys to develop their knowledge of the sharemarket.
Participating students each receive $50,000 in virtual funds which they can invest in 200 companies listed on the ASX over a 10-week period. The prices students buy and sell at are the same prices as the live market, making it a close to a real life share trading experience.
Recently Christ Church student Harry Nye (Year 10) managed to take out the national competition 2nd place with a portfolio of $69,236 and win the WA competition, resulting in a $900 prize. To put this into perspective, the game comprised of 15,822 ranked syndicates in total and 1,943 ranked syndicates within Western Australia.
“Overall, Christ Church did exceptionally well in this national competition, and special mention goes to Harry on an amazing achievement,” says Humanities Teacher, Jamie Foster.
“In our current globalised world it is important and advantageous for boys to gain a greater knowledge of economic and world events and discover the importance of wise investment decisions.”
The ASX Sharemarket Game was held between 17 August and 25 October, and has been running for over 40 years, originally being paper based, then moving online in 1998.