Other News Articles

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FMSBC’s Online Trading Facility launched in Cebu

Rockwell Land raises P4.0 billion from corporate notes issue

FMIC Annual Report 2010:
Creating Opportunities
Executing Possibilities



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Manila Water P10-B Corporate Notes

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Photo Release: First Metro Investment Corp. (FMIC) Conducts ‘Bigay Liwanag’ On Its Third Year.

Photo Release: KsK Coop Formalized Accreditation of FAMI’s Save and Learn Mutual Funds

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Regional schools barge into Stock X Challenge Top 10
6/29/2012

REGIONAL colleges and universities showed that they can compete with their Metro Manila counterparts as they placed prominently in the recently concluded Stock X Challenge stock market trading competition.

Stock X Challenge is an online stock trading team contest wherein teams compete against each other using P10 million virtual capital to invest in selected companies traded in the local stock market using the on-line trading facility for virtual trade on the Philippine Stock Exchange website.

“A total of 159 teams from 34 colleges and schools nationwide competed in this year’s competition,” said Roberto Juanchito Dispo, president of First Metro Investment Corporation who co-organized the event.

“But unlike the inaugural series where only a handful of provincial schools joined, we were excited to have a total of 44 teams from fifteen schools from Baguio, Cebu, and Davao in Series 2 of the Stock X Challenge,” he said.

Teams from the University of the Philippines won first and second, with a team from the University of the Cordilleras from Baguio completing the top three. Two other regional universities barged into the Top 10 with a team from the University of San Carlos, Cebu at eighth and another team from the University of the Cordilleras was tenth, performing better than their more renowned peers from the National Capital Region.

Dispo said they were not totally surprised with how the provincial teams performed in the virtual stock trading contest. “We could see their interest and potential even during the series of pre-competition portfolio management seminars held in Manila, Davao, Baguio and Cebu as part of their preparation,” he explained.

“We join our partners in expressing our pleasure to be part of the development of these students,” added Dispo, who looks forward to more teams from regional schools participating in the future.

Stock X Challenge is organized by First Metro Investment Corporation, with subsidiaries First Metro Asset Management, Inc. and First Metro Securities Brokerage Corporation, to promote stock market awareness and portfolio management knowledge among tertiary students, thereby helping the local stock market develop future investors. It is held in partnership with The Philippine Stock Exchange and the Catholic Educational Association of the Philippines.

 

 

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