Erik Johansen, winner of the X edition of the University of Navarra Stock Market Game.
The student of the School of Economics obtained more benefits than the rest of the 195 participants.
Erik Johansen, a first-year student at Economics, was the winner of the 10th edition of the Stock Market Game, organized by the University of Navarra and Caja Rural de Navarra. He beat 195 other participants, thanks to his success in buying and selling shares in the financial market.
The Stock Market Game, held between January 23 and March 2, is developed through an equity simulator that reproduces the financial markets with real-time information and the possibility of executing all the orders allowed in the Spanish markets. The aim of goal is to achieve the highest return on the initial capital granted to participants. In this case, Erik Johansen obtained a return of 11.99% and 11,199 euros, after trading securities on the stock exchange with an initial capital of 10,000 euros.
The manager of the Caja Rural Securities area , Alberto Martínez, in charge of submit the award -a laptop computer- explained to the students the movements of the Madrid Stock Exchange in the period in which the competition took place. "The star topics during this month, such as the second bailout of Greece, the instability of risk premiums, the rise in oil prices and the poor economic results of the fourth quarter of 2011, have led to market volatility," he said.
Likewise, Szabolcs Blazsek, professor at School of Economic and Business Sciences, coordinator of the competition, announced the names of the students who received the three iPod Shuffles raffled among the participants: Manuel Francisco Acevedo, Sheila Azcona and Joanne Marie Gabrielle Olivares.