February 1, 2011

Competition Connects University Students to Emerging Capital Markets in Africa

University or college students located worldwide may participate in the African Stock Investment Competition (ASIC). Sponsored by Afribiz, Africa investor, South African Chamber of Commerce in America, and Universal Creativ Solutions, the ASIC offers students who are at least 18 years of age the opportunity to learn firsthand about African capital markets. For the 2011 competition, U.S. students will have their first opportunity to gain an inside look at emerging market stock exchanges in Africa, while competing to win cash and prizes by building the best performing stock investment portfolio.

The ASIC website explains the two levels of competition. In the ASIC Level 1 Individual Competition, a series of quizzes are conducted February 2011 through May 2011. For each quiz, students who take the quiz and score 100 percent will be placed in a pool to receive a prize. Awardees are chosen randomly from the pool of students who scored 100 percent on the quiz. At least one awardee will be chosen for each quiz.

In the ASIC Level 2 Team Trading Competition, teams of students consisting of two to four students compete against each other by developing high growth stock portfolios of six months (March 1 through September 30, 2011) on a virtual trading platform (university.jse.co.za), which shadows the Johannesburg Stock Exchange. No real currency or assets are involved. The teams that have the three best performing portfolios (based on rules guiding the virtual trading platform) as of September 30, 2011 will be awarded first, second, and third place respectively.

For each quiz competition in ASIC Level 1 Individual Competition, awardee(s) will receive an undisclosed prize with a value of less than $100.00. For ASIC Level 2 Team Trading Competition, winning teams receive the following cash prizes:
  • 1st Place Team – $1,500.00
  • 2nd Place Team – $1,000.00
  • 3rd Place Team – $500.00
Registration deadlines for the ASIC Level 1 Individual Competition and ASIC Level 2 Team Trading Competition are 20 February 2011 and 26 February 2011, respectively. Additional information may be found at www.africanstockcompetition.com/competition-registration.

1 comment:

  1. Nice to see the initiative. And If possible can you send me the quiz questions after competition is over. I am quizzing enthusiast.