Supplier News
US – AGEM Index sees slight rise in March
By Phil - 7 April 2022
In March 2022, the AGEM Index improved by 2.45 points to 955.40, marking a 0.3 per cent increase from the prior month. Compared to one year ago, the index added 191.27 points for an annual growth rate of 25 per cent. During the latest reporting period, nine of the AGEM Index companies reported stock price declines, with three posting an increase. Those results translated to seven companies posting negative contributions to the index and five companies reporting positive contributions.
The top contributor to the monthly index was Konami Corp. , which reported a 22.39-point index gain as a result of a 19.6 per cent increase in stock price. Crane Co. reported an 8.74-point gain to the index due to a 7.1 per cent increase in the company’s stock price. The largest negative contribution to the index was sourced to International Game Technology PLC (NYSE: IGT), whose 19.4 per cent decline in stock price led to a 19.41-point decrease in the AGEM Index.
In the latest reporting period, all three major US stock indices trended upwards after two consecutive months of negative growth. The S&P 500 increased by 3.6 per cent, while the NASDAQ rose by 3.4 percent. Meanwhile, the Dow Jones Industrial Average observed a 2.4 per cent increase over the month.
