Supplier News
US – AGEM Index falls in March
By Phil - 9 April 2014
The AGEM Index declined in March of 2014 when compared to February 2014 with the composite index ending the month at 186.68, which was down 6.46 points or 3.3 per cent from the prior period.
The index posted month-to-month declines in two of the first three months of the year. In the latest period, 11 of the 16 global gaming equipment manufacturers reported declining valuations when compared to February 2014. In addition, seven fell by more than five per cent. Of the five manufacturers that reported month-to-month increases in stock price, most of the gains were relatively modest. Despite recent volatility, the AGEM Index remains up 23.6 per cent from one year ago.
The broader stock markets performed slightly better than the AGEM Index in March. NASDAQ ended the month at 4,198.99, which was down 2.5 per cent compared to February. Meanwhile, the Dow Jones Industrial Average (DJIA) and S&P 500 witnessed modest gains in the latest month. The DJIA increased 0.8 per cent to 16,457.66. Meanwhile, the S&P 500 ended the month at 1,872.34, which was up 0.7 per cent from the prior period.
With a stock price of AU$5.38, up eight per cent, Aristocrat Technologies contributed 2.29 points. Intralot reported a 7.4 per cent increase in stock price to €2.31 and contributed 0.28 points. Scientific Games Corporation contributed 0.21 points, due to its 2.5 per cent increase in stock price to $13.73.
On the downside GTech reported a stock price of €22.05, down eight per cent and contributed negative 2.97 points. With a stock price of $23.07, down 7.7 per cent, Konami Gaming contributed negative 1.86 points.
