The annual NSE Investment Challenge is on and students across Kenyan colleges and universities are invited to take part in the virtual competition.
The challenge is an edutainment initiative targeting Kenyan youth who are in tertiary learning institution and involves online simulation of live trading at the Nairobi Securities Exchange where each participating group or individual is given a virtual startup capital of 3 million to invest in the NSE real time information for a period of three months.
Students are allowed to participate in the challenge as an individual or a group of maximum 4 members from the same institution and the winner is the team or individual with the highest portfolio value at the end of the period.
The participants will be mentored & judged by selected stock brokers and investment advisors throughout the three-months period.
Overall Winners of the competition will be determined at the end of the competition period and the winning portfolios will be evaluated by an audit panel of judges from the Nairobi Securities Exchange and selected industry practitioners.
During evaluation of the portfolios, the judges will use a weighted average method of tallying the winning portfolio as follows:
- 50% of the marks –Portfolio Value: For the highest profits on the last day of the competition.
- 30% of the marks -Teams own research. Reasons given for each trade made by the team during the competition.
- 20% of the marks – Online discussion forum participation of the team members.
Participants stand to walk away with cash prices, internship opportunities, certificate of participation and mentorship opportunities.
To participate, students are required to pay a registration fee of Ksh. 200 via MPESA to the Business Number 222 333 using their National ID or Passport Number as the Account Number.
registered participants with then be provided with log in details to their accounts and will be required to log onto the NSE website and access the challenge link to complete their registration process.
The competition is sponsored by the Nairobi Securities Exchange in partnership with Smart Youth Investments Ltd.