Supplier News
US – AGEM Index slips 8.1 per cent
By Phil - 21 July 2022
The AGEM Index fell in June 2022 by 71.71 points to 811.39, an 8.1 per cent decline from the previous month. Compared to one year ago, the index was down 183.98 points, or 18.5 per cent.
During the latest month, 10 of the 12 AGEM Index companies reported stock price declines, and all but one company posted negative contributions to the AGEM Index.
The sole positive contributor to the AGEM Index in June was Agilysys which added 4.05 points to the index as a result of a 15.7 per cent increase in its stock price. The largest negative contributor to the index was Konami Corp. whose 14.7 per cent decline in stock price resulted in a 31.61-point fall to the index. International Game Technology saw its stock price fall 13.4 per cent, resulting in an 11.13-point loss to the index.
All three major US stock indices saw both month-over-month and year-over-year losses in June 2022. The NASDAQ fell by 8.7 per cent from May, while the S&P 500 fell by 8.4 per cent. Meanwhile, the Dow Jones Industrial Average saw a 6.7 per cent decline over the month.
