US – AGEM Index bounces back in FebruaryBy Phil - 6 March 2014
After reporting a decline in the first month of the year, the AGEM Index rebounded in February 2014, reporting a composite score of 193.14, which was up 9.29 points, up 5.1 per cent from January 2014.
Compared to a year ago, the AGEM Index is up 46.46 points, up 31.7 per cent. In the latest period, 10 of the 16 global gaming equipment manufacturers reported month-to-month increases in stock price, while eight companies reported increases of more than five per cent. Meanwhile, two of the six companies that witnessed month-to-month declines in stock price were down by less than
one per cent, while just one was down by more than five per cent.
Month-to-month growth in the broader stock markets also turned positive in February after reporting weak results in the first month of the year. The Dow Jones Industrial Average ended the month at 16,321.71, which was up four per cent from January 2014. The S&P 500 followed, rising 4.3 per cent to 1,859.45. NASDAQ reported the greatest month-to-month growth of the three in February, rising five per cent to 4,308.12.
Crane reported a stock price of $71.42, up 13.1 per cent and contributed 3.63 points. Due to a six per cent increase in stock price to €23.96, GTech contributed 2.90 points. With a stock price of AU$4.98, up 9.5 per cent, Aristocrat Technologies contributed 1.49 points. On the downside, Bally Technologies reported a stock price of $67.75, down 7.6 per cent and contributed negative 1.34 points. Due to a 4.8 per cent decline in stock price to $13.40, Scientific Games Corporation contributed negative 0.37 points.