Wednesday, 05 October 2022 00:44

SSF encourages savings and investment habits through the Stock Market Game 2022

Written by Evelyn Alas

The Stock Exchange of El Salvador, which is celebrating its 30th anniversary, provides a variety of investment and financing options. It is also committed to training and education, through multiple activities that provide knowledge about the capital market to the population.

In this context, the Superintendencia del Sistema Financiero inaugurated the Stock Market Game 2022, in which more than 1,400 participants from all the country's universities are enrolled. The activity is carried out on a Latin American scale within the framework of the celebration of the Investor's Week, promoted by the International Organization of Securities Commissions (IOSCO), of which El Salvador is a member, together with more than 90 countries.

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The contest is carried out by a german Foundation. It will be held from october 4 to january 21, 2023, through a virtual platform where students will learn to invest in different products available in the stock market, making use of virtual capital. The team with the highest portfolio value or greatest increase in sustainable stocks will win an investment fund of US$5,000 for each member. Second and third place will receive US$400 and US$250.

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Rolando Duarte, President of the El Salvador Stock Exchange, defined this contest as a strategic initiative to bring these topics closer to young students who are forging their knowledge bases.

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He said that this will open the doors to the future and expressed his best wishes to them. It is a great initiative that they applaud and accompany with great satisfaction and reiterate their commitment to promote the stock market culture in order to ensure the future of salvadorans.