Supplier News
US – AGEM Index sees eight per cent rise in October
By Phil - 16 November 2015
After reporting two consecutive month-to-month declines, the AGEM Index rose in October 2015.
The composite index ended the month at 197.21, which represents a substantial gain of 13.87 points, up 7.6 per cent compared to September 2015. Compared to a year ago, the AGEM Index netted 10.22 points to the positive, up 5.5 per cent.
In October, eight of the 13 global gaming equipment manufacturers reported month-to-month gains in stock price, with three up by more than 10 percent. Of the four manufacturers reporting monthly declines in stock price during the month, two were down by more than ten per cent. The remaining manufacturer, Galaxy Gaming Inc. (GLXZ), reported no change in stock price from September 2015 to October 2015.
The broader stock markets also reported improvements from September 2015 to October 2015. The S&P 500 increased from 1,920.03 to 2,079.36, which represented a gain of 8.3 percent. The Dow Jones Industrial Average ended the month at 17,663.54, rising 8.5 per cent from the prior period. NASDAQ witnessed the largest increase of the three major indices, rising 9.4 per cent from 4,620.16 to 5,053.75.
Crane Co. (CR) reported a 12.9 per cent increase in stock price to $52.64 and contributed 4.35 points to the index. With a stock price of AU$9.32, up 8.3 per cent), Aristocrat Technologies (ALL) contributed 3.95 points.
International Game Technology PLC (IGT) reported a stock price of $16.22, up 5.8 per cent and contributed 2.06 points. Intralot contributed negative 0.40 points, due to an 11.2 per cent decline in stock price to €1.51.
With a stock price of $4.68, down 8.8 per cent Everi Holdings Inc. (EVRI) contributed negative 0.30 points.
