Supplier News
US – AGEM Index dips slightly in May
By Phil - 9 June 2023
The AGEM Index decreased by 14.54 points in May 2023 to 956.98, a 1.5 per cent decrease from the prior month.
Compared to one year ago, the index was up 73.87 points, or 8.4 per cent. During the latest month, six of the 12 AGEM Index companies reported stock price increases, which resulted in six positive contributions to the AGEM Index, five negative contributions and one neutral contribution.
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The largest positive contribution to the monthly index was sourced to Konami Corp., whose 10.5 per cent increase in stock price led to a 14.08-point gain to the index. Crane NXT, Co. saw its stock price increase by 11.1 per cent, leading to an 8.02-point gain for the index. The largest negative contribution to the index was sourced to International Game Technology, whose 12.8 per cent decrease in stock price resulted in a 15.20-point loss for the AGEM Index.
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The three major U.S. stock indices saw mixed change in May 2023. The NASDAQ increased by 5.8 per cent over the month, while the S&P 500 grew by 0.2 per cent. Meanwhile, the Dow Jones Industrial Average decreased by 3.5 percent from the prior month.
