First Metro Investment, two others launch 2nd Stock X Challenge

MANILA, Philippines - The second edition of the Stock X Challenge will start on November, following the successful first edition last year that saw 108 teams competing for top honors.

First Metro Investment Corp. (FMIC), together with subsidiaries First Metro Securities Brokerage Corp. and First Metro Asset Management Inc. will once again oversee the ultimate competition of online stock trading among college students.

This year’s Stock X Challenge promises to be bigger and more exciting as more participants, particularly from universities and colleges in the provinces, are expected to join.

Team UPD Gurus of the University of the Philippines, Diliman emerged as champion last year.

Organized in partnership with the Philippine Stock Exchange (PSE) and the Catholic Education Association of the Philippines (CEAP), Stock X Challenge uses the on-line trading facility for virtual trade on the PSE website where players will engage in real world trading using a virtual capital of P10 million.

To prepare the participants, FMIC will conduct a portfolio management seminar series. 

It incorporates a mixture of lectures and case study exercises designed to aid the students to develop skills and discipline in making investment and trading decisions.

Apart from Metro Manila, the seminar series will also be conducted in Baguio, Cebu, and Davao for the benefit of contestants from these areas joining this collegiate contest. 

Players will likewise be given access to First Metro Securities’ online platform where various research and investment tools are available to further assist them when making their stock trades.

Stock X Challenge aims to promote stock market awareness and portfolio management knowledge and to develop future investors in the equity market among college and university students. 

It was conceived in line with FMIC’s advocacy on investment literacy and its mission to develop the Philippine capital markets.

The competition is open to teams composed of two to four college students from the same school who are enrolled in school year 2011-2012. More info on Stock X Challenge is available at www.stockxchallenge.com.