Students play sharemarket

Looking at live markets on the Australian Stock Exchange are Year 12 economics students (back row from left) Harry Trumper, Sam Holland, Emma Scammell, investment adviser Michelle Parkin, Ged Wall, Ben Simons and (front from left) Olivia Lill and Drew Porter.

Economics students at Ashburton College are learning about stocks, shares and market forces by playing the Sharemarket Game.

Teams in the Year 12 class will receive a virtual $50,000 to invest over a 10-week period in companies listed on the Australian Stock Exchange.

The game offers a close to real life share trading experience because the prices they buy and sell at are the same prices as they would get in the live market.

Investment adviser Michelle Parkin from Forsyth Barr’s Ashburton office is volunteering her time to explain the intricacies of the stockmarket and to direct and encourage students as they explore it.

Her introductory session last week covered some key concepts of investing, including the history of stock markets, how primary and secondary markets work, the role of the stock exchange and constructing a portfolio.

The second session will focus on selecting a short list of companies for investment.

Ashburton College economics teacher Kirsty Moffett said the sharemarket game would help students develop their knowledge of stocks and shares and help them discover the importance of wise investment decisions.

They would gain a knowledge of how supply and demand influenced share prices and also the role of analysts and sharebrokers.

The students were looking forward to further sessions with Mrs Parkin, and researching and finalising the companies they wanted to invest in.

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