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SEMYIA_newsletter_2010 - The Stock Exchange of Mauritius...

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The Stock Exchange of Mauritius Ltd (SEM) (Member of the World Federation of Exchanges) SEM Young Investor Award 2010 Introduction: The Stock Exchange of Mauritius (SEM) held the Prize Giving Ceremony for the 18th edition of the SEM Young Investor Award Competition (SEMYIA) 2010 at the Octave Wiehé Auditorium, Réduit, on 9th September 2010. This year’s competition has attracted 176 teams of five students each from 95 colleges across the country, representing 880 students which is an all-time-high number since the creation of this event since 1993. Hon Pravind Jugnauth, Deputy Prime Minister, Minister of Finance and Economic Development, kindly accepted to grace this function by his presence. Hindu Girls College Team B won the first prize of Rs 100,000 and the Challenge Trophy offered by the Stock Exchange of Mauritius. The second and third prizes of Rs 50,000 and Rs 25,000 went to Riviere Du Rempart SSS, Team B and Aleemiah Forms I-VI Girls College, Team A respectively. The Mauritius Commercial Bank , The National Mutual Fund and The Mauritian Eagle Insurance sponsored the competition. Exaequo Sodnac SSS Teams A and B won the challenge trophy for the Best Report, offered by the Mauritius Society of Financial Analysts (CFA). Initiated in 1993, the SEM Young Investor Award Competition stood this year at its 18 th edition. Throughout the years, this annual event has generated a growing interest from lower 6 students from secondary institutions across the country, both in towns and villages, and the number of participants and schools registered has considerably increased over the last 17 years. This year, a keen interest by students was also noted since the very beginning of the competition, through their frequent interactions with the Stock Exchange and stockbrokers to obtain information, as well as through the active management of their portfolios.
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Broadly speaking, the aims of the competition are to inculcate an investment culture among college students by giving them a hands on exposure to a key component of the financial services sector, namely the securities industry; to give participants an opportunity to understand the operational aspects of the Stock Exchange; and to trigger the interests of college students in the financial sector activities, with the expectations that they pursue higher studies and professional careers in this growing sector of the Mauritian economy. The competition started on 18th March 2010 and ended on 18th June 2010,
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