With just a week to go in the six-week Shares Race, Dominic Powell, retail reporter for The Sydney Morning Herald and The Age, with a portfolio value of $111,185, holds a narrow lead over Richard Hemming, of Under The Radar Report, with $110,859.
Chris Conway, of daily stock market newsletter Marcus Today, is in third spot with $105,028, just ahead of Angle Ellis, of 80 20 Investments, with $104,754.
Medicinal cannabis stock Cann Group’s share price was lower over the week, after surging since the end of last yearCredit:Rohan Thomson
Conway holds PolyNovo, a medical technology company, with his original $10,000 in the medical technology company now worth $15,248 – the best-performing stock tip in the contest.
Powell holds Temple & Webster, with his original $10,000 in the online furniture and homewares retailer now worth $14,393 – the second-best performer.
Angie Ellis and Dan Silver, co-CEO of Stake, hold Paradigm Biopharmaceuticals, the third-best tip. Their original $10,000 investment in the company, which is working on a drug for the treatment of inflammation, is now worth $13,323.
Powell's portfolio value dropped by almost $3000 from last week after the shares of medical cannabis company Cann Group went off the boil.
With only a week to go in the Shares Race, it will likely be a tight tussle between Powell and Hemming for line honoursCredit:Fairfax Media
After closing February 6 at $1.31 they dropped to $1.06 on Thursday. Still, his holdings of Cann Group are worth $12,412 – a 24 per cent gain on his original $10,000 investment.
The sharemarket, as measured by the S&P/ASX 200 index, finished the week up almost 1 per cent at 7,103 points on Thursday, the day each week that the competition ends.
The Shares Race is a fantasy shares game that runs for six weeks. Players start with $100,000, divided evenly across 10 stocks. Their progress is reported weekly.
Source: Read Full Article