23 Aug 2023
MCB Rodrigues Scholarship 2023: Hats off to five Scholars

Five scholars have been awarded the MCB Rodrigues Scholarship this year. The official scholarship ceremony occurred on Wednesday, August 23, at the MCB Centre in Port Louis.Adriane Emilien, Geremi Justin Meunier, James Nickurdean Genave, Bibi Shabnam....

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Droopnath Ramphul State College wins the SEM Young Investor Award 2018

Aug 20, 2018, 05:00 AM by User Not Found

The award ceremony for the 26th edition of the Stock Exchange of Mauritius (SEM) Young Investor Award 2018 was held today at the Octave Wiehé Auditorium.

MCB Group rewarded the winning team composed of Kooveela Candasamy, Yusrah Gheeseeawon, Heishna Gokool, Kelyna Jaisri and Rakshita Seesurn from the Droopnath Ramphul State College.

All teams participating in the competition had received a virtual credit of Rs.200,000 which they were required to invest in the shares of five listed companies. The teams were then allowed to perform up to five investment swaps during a three month period, namely from April to June 2018. During that quarter, the best portfolio generated profits amounting to 4.68%.

Attractive rewards
The team B of Droopnath Ramphul State College has been awarded exceptional prizes by MCB Group, main sponsor of the SEM Young Investor Award 2018:
  • A cheque worth Rs.200,000, which transforms the virtual credit allocated at the beginning of the competition into a real cash prize, with each team member receiving Rs.40,000
  • MCB Group shares worth Rs.12,500 so as to sustain the interest of the winners in the evolution of the Stock Exchange of Mauritius
  • A one-week internship at MCB Capital Markets designed to motivate the participants to pursue a career in finance
  • Individual shields and various gifts

The SEM Young Investor Award is open to Grade 12 students from Mauritius and Rodrigues. Any secondary school may be represented by two teams, at most. And, each team must be made up of five students, monitored by a teacher. This year, 910 students, coming from 105 secondary schools, and divided in 182 teams have taken part in the competition.
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