Supplier News
US – AGEM Index falls 3.7 per cent in August
By Phil - 8 September 2022
The AGEM Index fell by 32.33 points in August 2022 to 831.50, marking a 3.7 per cent decline from the prior month. Compared to one year ago, the index was down 181.38 points, or 17.9 per cent.
During the latest month, seven of the 12 AGEM Index companies reported stock price decreases, which resulted in eight negative contributions to the AGEM Index and four positive contributions.
The largest negative contributor to the monthly index was Konami, whose 9.7 per cent decrease in stock price led to a 19.75-point loss to the index. Crane Co. (NYSE: CR) contributed a 5.21-point decline in the index due to a 4.6 per cent decrease in its stock price. The largest positive contribution to the index was PlayAGS, whose 55.3 per cent increase in stock price equated to a 3.22-point gain for the AGEM Index.
All three major US stock indices saw month-over-month decreases in August 2022, marking the second time this has occurred in the past three months. The Dow Jones Industrial Average fell by 4.1 percent from July, while the S&P 500 declined by 4.2 percent. Meanwhile, the NASDAQ fell 4.6 percent over the latest period.
