Supplier News
US – AGEM Index increases 33 per cent year-on-year in August
By Phil - 7 September 2023
The AGEM Index increased by 12.91 points to 1,107.07 in August 2023, a 1.2 per cent increase from the prior month.
Compared to one year ago, the index was up 275.57 points, or 33.1 per cent. During the latest month, seven of the 12 AGEM Index companies reported stock price increases, which resulted in seven positive contributions and five negative contributions to the AGEM Index.
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The largest positive contribution to the monthly index was sourced to Light & Wonder, whose 9.1 per cent increase in stock price led to a 15.10-point gain to the index. Meanwhile, Konami Corp. saw its stock price increase by 6.1 per cent, leading to a 6.99-point gain for the index. The largest negative contribution to the index was sourced to International Game Technology, whose 5.4 per cent decrease in stock price resulted in an 8.16-point loss for the AGEM Index.
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All three major US stock indices declined in August 2023. The Dow Jones Industrial Average declined by 2.4 per cent over the month, while the NASDAQ fell by 2.2 per cent. Meanwhile, the S&P 500 decreased by 1.8 per cent from the prior month.
