03 December 2014
Despite
the Cambodian Stock Exchange (CSX) getting off to a sluggish start over the
past three years, local university students are seemingly already on the way to
becoming good stock-pickers.
The
country winners of CIMB Bank’s ASEAN Stock Challenge 2014, a regional simulated
stock trading competition, were announced yesterday in Phnom Penh. The winners,
two students from Zaman University who went by the team name of Dark Rangers,
took home the $500 prize after almost doubling their virtual investments on
ASEAN markets.
Thirty-two
teams from Cambodian universities entered CIMB Bank’s annual competition. Each
team is granted $80,000 of fake start-up capital to invest in ASEAN region
markets over a period of three weeks. The team with the largest percentage
increase at the end of the period is deemed to be the winner. Dark Rangers
finished out the three-week trading period with more than $151,000, up 89%.
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