Supplier News
US – AGEM Index falls 9.7 per cent
By Phil - 4 May 2022
In April 2022, the AGEM Index fell by 92.98 points to 862.42, marking a 9.7 per cent decrease from the prior month. Compared to one year ago, the index added 3.99 points for an annual growth rate of 0.5 per cent.
During the latest reporting period, 11 of the AGEM Index companies reported stock price declines, with only one company posting an increase. As a result, all 12 companies in the AGEM Index posted negative contributions to the overall index, ending a three-month period of upward growth.
The largest negative contributor to the monthly index was Aristocrat Leisure Limited, which reported a 47.42-point index loss as a result of an 8.3 per cent decline in stock price. Meanwhile, International Game Technology PLC (NYSE: IGT) contributed an 11.40-point loss to the index due to a 11.6 percent drop in the company’s stock price. Despite a 3.7 per cent increase in stock price over the period for Konami Corp., a weakened exchange rate between the United States dollar and the Japanese yen led to a 5.19-point loss for the index.
In the latest reporting period, all three major US stock indices observed negative growth. The Dow Jones Industrial Average decreased by 4.9 percent from March, while the S&P 500 fell by 8.8 per cent. Meanwhile, the NASDAQ saw a 13.3 percent decline over the month.
