Supplier News
US – AGEM Index increases in May
By Phil - 10 June 2019
The AGEM Index increased in May 2019 by 6.65 points to 483.00 points, a 1.4 per cent gain from April 2019.
The AGEM Index’s April 2019 growth was driven by an 11.7 percent increase in the stock price of Aristocrat Leisure Limited (ASX: ALL), which rose from AU$ $26.08 to AU$29.12. The stock was responsible for 19.81 points of the AGEM Index’s monthly growth. Konami Corp. (TYO: 9766) experienced a 1.2 percent stock price gain from ¥5,060 to ¥5,120, which led to a contribution of 4.07 points. Overall, most AGEM Index companies reported decreases in stock price during the month, with five trending positively and eight moving negatively. Gaming Partners International Corp. (GPIC) was delisted from the NASDAQ stock exchange in May 2019 due to a take-private acquisition by a strategic buyer.
The AGEM Index outperformed the major stock indices as the Dow Jones Industrial Average and the S&P 500 experienced monthly drops of 6.7 percent and 6.6 per cent, respectively, while the NASDAQ was down 7.9 per cent.
