Browne edges closer to leader Ellis in year-long race


Into the final quarter of the Year-Long Shares Race, Angie Ellis of 80 20 Investments holds on to her lead, but the big mover since the last update is Melissa Browne of A&TA.

Browne has added almost $21,000 in the five weeks since the last update to leap to second place.

At the end of January this year, 12 contestants selected 10 stocks with a hypothetical $10,000 in each.

Browne's best pick is A2 Milk, with her holding now worth $35,714. Xero is her next-best performer, with her holding worth $16,553.

We allowed our racers to refresh their portfolios on August 29.

Ellis swapped four of her stocks and ploughed 80 per cent of the proceeds into Lovisa, the fashion jewellery retailer.

She has had great success with the stock in previous races and it's paying off again with her holding worth $56,616.

Since the end of January, prices of Australian shares overall have risen by more than 4 per cent with the S&P/ASX 200 Index now trading at about 5900 points.

Australian Financial Review journalist Phil Baker is in third spot, with his original $100,000 now worth $132,225.

Baker has stuck with his original picks. A2 Milk continues to be his best performer.

His original $10,000 in the company has risen to $35,714 from the $26,190 it was worth five weeks ago.

The Shares Race is a fantasy shares trading game. The Year-Long Shares Race, running from January to December, has 12 players, including the dartboard.

This story Browne edges closer to leader Ellis in year-long race first appeared on The Sydney Morning Herald.