The Young Investors Network (YIN) has launched the 2021 capital market and stock pitch competitions to, once again, enhance young people’s understanding of the financial market while they get rewarded.
In collaboration with the Ghana Stock Exchange (GSE), the UMB Investment Holdings & Stockbrokers, this year’s competition will spread its tentacles to all second-cycle institutions in Greater and tertiary institutions across the country.
The capital market quiz is targeted at the students in the senior high schools (SHS) while the stock market competition is targeted at tertiary students.
The Executive Director of the Young Investor Network (YIN), Mr Kofi Kyei Busia, said the stock pitch – as a combination of ideas of stocks listed on the exchange – will give an opportunity to the Network to train students on the stock market to enable them to sell what they think is the best listed.
He noted that due to the rigorous training that went into last year’s training, the predictions of the students who pitched the stocks were able to get it right, as that reflects the current trend of the exchange.
For instance, the student who had undergone the training predicted that MTN Ghana, which was at 0.65p was going to rise to beyond GH 1.00 and true to that, MTN Ghana is currently trading at GH¢1.20.