Supplier News
US – AGEM Index reports gain for June
By Phil - 9 July 2014
After reporting month-to-month declines for three consecutive months, the AGEM Index reported a gain in June of 2014 when compared to May 2014.
The composite index ended the month at 185.34, which is up 6.41 points, up 3.6 per cent, from the prior period. Compared to a year ago, the AGEM Index has increased by 26.69 points, up 16.8 per cent. During June, six of the 17 global gaming equipment manufacturers reported month-to-month gains in stock price, with two up by more than 20 per cent. Of the 10 manufacturers that reported declines in stock price, four were down by more than five per cent. One manufacturer, Global Cash Access (GCA), reported no change when compared to May 2014. Galaxy Gaming was added to the index this month.
The broader stock markets also reported positive performances in June 2014. The Dow Jones Industrial Average ended the month at 16,826.60, up 0.7 per cent from May 2014. Meanwhile, the S&P 500 reported a month-to-month gain of 1.9 per cent, rising to 1,960.23. NASDAQ witnessed the greatest monthly increase of the three, rising 3.9 per cent to 4,408.18.
With a stock price of $15.91, up 26.8 per cent, International Game Technology contributed 7.30 points. Bally Technologies contributed 2.04 points, due to an 11.4 per cent increase in stock price to $65.72. Due to a stock price of $11.12, up 24.3 per cent, Scientific Games Corporation contributed 1.58 points. GTECH reported a stock price of €17.85, down 11.6 per cent and contributed negative 3.53 points whilst Konami contributed negative 0.53 points, due to its 2.4 per cent decline in stock price to $22.18.
