Albany High takes third in Stock Market Challenge
N.Y. (April 17, 2019) --
financiers from Albany High School took third place on Wednesday at the
Junior Achievement Stock Market Challenge.
Junior Akili Bahati, senior Nailia Pumbaya and senior Mohammed Yehia (pictured
at right from left to right) finished as Albany High's top team.
Theirs was one of 10 Albany High teams at the event, which drew more
than 400 students from 19 area schools
; Albany High had three teams
place in the top 10.
Teams competed in a race to
accumulate the highest portfolio while learning the nuances of
investing, trading, strategy, why companies issue stock, how actions in
one place of the world impact the value of stock in another place, and
why the stock market is an integral part of our free enterprise system.
Each team began the game
with $1 million trading dollars to invest in fictitious stock. Once the
trading began, every 60 seconds was a new trading day in a volatile
market. Floor traders entered the team trades into handheld computers
and the information was immediately transferred to big screens for all
participants to see.
Players tracked their stock
portfolio and their team’s standings on three massive screens, and teams
bought and sold stocks from “traders” that instantly sent trades to the
system. Teams traded for two-thirty minute periods.
Albany High’s Bahati, Pumbaya and Yehia finished with the third-highest
worth. They earned a trophy and each took home $50 gift cards.
The Junior Achievement Stock
Market Challenge was held at the University at Albany, which sponsored
the event along with SEFCU.
Click here to see a Facebook photo collection from the event. You don’t need a Facebook account to view the pictures. A window
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The mission of the City School District of
Albany is to educate and prepare all students for
college and career, citizenship and life, in partnership with our
diverse community. The district serves
students in 18
elementary, middle and high schools. In addition to neighborhood
schools, the district includes several magnet schools and programs, as
well as other innovative academic opportunities for students,
including four themed academies at Albany High