IFM students shine at DSE’s scholar investment contest

The Institute of Finance Management (IFM) has scooped all top three prizes of the 2015 Dar es Salaam Stock Exchange (DSE) scholar investment challenge.

The three winners and IFM students were Brigiter Nchembi, Johnson Peter Mwalongo and Sangiwa Katavo who walked away with cash prize of 1m/-, 600,000/- and 400,000/- respectively.

The DSE Chief Executive Officer, Mr Moremi Marwa, said in Dar es Salaam yesterday the yearly edutainment campaign targeting youth in all higher learning institutions in the country that attracted more than 5,000 participants was concluded at the end of June.

“The winners of the challenge were considered by a panel of judges to have made the most sound investment decisions, the highest portfolio value and contributed better in the discussion forum,’ he said.

The leading student with the highest portfolio value has increased investment capital by 35 per cent in the 90 days period of active investment.

During the period, students were challenged and expected to improve their business, finance and economic understanding and develop key mathematical techniques and applications in a collaborative and time pressured environment.

The challenge was set to provide platform for developing and demonstrating and understanding of business and finance, while also helping students to develop their personal learning, thinking and functional skills.

They also learned that prices, indices, information and other data in the equity market are affected not only by the fundamental performance of the listed firms, the sectors and the overall economic trends, but also information in the news in addition to what other investors, investment analysts and brokers do.

The challenge also aims at educating youth the prudent process of investment decision making and risk management and in the process, foster links with professional bodies and industry.

At the end of the challenge, DSE hopes students to become good and inspire the society to start participating in the stock market.
Source: Daily News, reported from Dar es Salaam, Tanzania
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