Supplier News
US – AGEM index rises three per cent in October
By Phil - 4 November 2021
In October 2021, the AGEM Index improved by 31.17 points to a new high of 1,077.92, marking a three per cent increase from the prior month.
Compared to one year ago, the index has more than doubled from 495.31 for an annual growth rate of 117.6 per cent. In the latest period, a majority of AGEM Index companies reported increases in stock price, with seven posting positive contributions, three recording negative contributions and one seeing no change from prior period.
The largest impact to the index was attributed to Aristocrat Leisure Limited. While its stock reported a 0.6 percent decline, Aristocrat added 15.06 points to the index due to an increase in outstanding shares that were used for equity raising to fund a new acquisition coupled with an improvement in exchange rate between the Australian dollar and the U.S. dollar. International Game Technology was also a significant contributor to the monthly growth in the index, adding 13.82 points as the result of a 12 per cent rise in stock price. The largest negative contributor to the index was Scientific Games Corporation, whose 3.6 per cent drop in stock price led to a 5.32-point decrease in the AGEM Index.
All three major U.S. stock indices increased over the month, with the NASDAQ and the S&P 500 growing by 7.5 per cent and 6.9 per cent, respectively. Meanwhile, Dow Jones Industrial Average experienced a 5.9 per cent increase.
